Myanmar Business Today - Vol 1, Issue 47
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Myanmar Business Today - Vol 1, Issue 47



Myanmar Business Today is Myanmar’s first bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, ...

Myanmar Business Today is Myanmar’s first bilingual (English-Myanmar) business newspaper, distributed in both Myanmar and Thailand. MBT covers a range of news encompassing local business stories, special reports and in-depth analysis focusing on Myanmar’s nascent economy, investment and finance, business opportunities, foreign trade, property and real estate, automobile, among others. MBT also provides detailed coverage of regional (ASEAN) and international business stories.

Myanmar Business Today’s target readers are foreign and local investors, businesspeople and government officials, and our advertisers are also those who try to reach this niche market in Myanmar. We provide best solutions for our advertisers with our content, outstanding print and paper quality, and superior distribution chain. We convey our advertisers’ messages to readers not only in Myanmar but also in Thailand, Southeast Asia’s second largest economy.

For more information please visit our website

Twitter: @mmbiztoday



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Myanmar Business Today - Vol 1, Issue 47 Myanmar Business Today - Vol 1, Issue 47 Document Transcript

  • MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL December 26, 2013-January 1, 2014, | Vol 1, Issue 47 EU Here to Support Myanmar’s Transition: Ambassador Bloc identifies key areas of engagement as education, rural development, government and capacity building, and peace, says Roland Kobia, EU Ambassador to Myanmar. Oliver Slow Myanmar Summary I n April, the European Union permanently lifted all remaining economic sanctions against Myanmar as a reward for the ongoing reforms that have been taking place in the country since a quasi-civilian government came to power in 2011. This was followed by Myanmar being readmitted into the Generalised System of Preferences (GSP) status, allowing Myanmar’s free access to EU markets on their exports, while last month saw EU High Representative Policy Catherine Ashton visit practically isolated from the international community. Another important step took place earlier this year when Roland Kobia ever resident Ambassador in Myanmar. He came to Myanmar after having been previously EU Ambassador to Azerbaijan and having spent time in the Private for Energy as well as seven years in EU delegations in Africa deal- Sherpa Hossainy Myanmar Taskforce. The signs are clear. The EU is pleased with the reforms that continue to take place in a coun- EU Ambassador to Myanmar Roland Kobia speaks during an exclusive interview with Myanmar Business Today. countries. “The message we want to send is that we support the since March 2011 and we think this is a historic opportunity for the international community to accompany the reforms and needed,” Kobia told Myanmar Business Today in an exclusive interview last week. “At the time, we saw that the reforms seemed to be genuine and we wanted to show that the EU being made by the new government in its transition. Political and economic transitions are welcome,” he said. Speaking of the EU’s overall role within the country – which began in 1996 with funding projects aimed at development and has seen more than $500 million in total – Kobia said that the aim is to promote a number of values within the country, including democracy, human rights, rule of law, gender equality, judiciary independence and free market principles. Fundamentally, the EU wants to promote peace, stability and security as the foundations of the ‘New House Contd. P 6... {NyDvwGif tD;,lrS jrefrmEdkifiHtay: yd w f q d k Y x m;onf h usef&S d a eao;onfh pD;yGm;a&;ydwfqdkYrIr sm;udk z,f&Sm;ay;cJh onf/vGefcJhonfh ESpfESpfrSpí t&yfom; tpdk;&rS tmPm&vmNyD; xifomjrifom aom jyKjyifajymif;vJrr sm;udk vkyaqmif I f aecJhonfhtwGuf tD;,lrS todtrSwf jyKNyD; ydwfqkdYrIr sm;udk z,f&Sm;ay;cJhjcif; jzpfonf/ jrefrmEdkifiHtaejzifh Generalised System of Preferences (GSP) pepf tm; jyefvnfusifhoHk;NyD; jrefrmEdkifiH um,vkyfief;tm;oHk;vkyfief;rsm;tm; ydkYukefwifydkYrIwGif taumufcGefavQmhcs ay;rIjzifh tusK;d aus;Zl;cHpm;vmEdiap&ef k f twGuf GSP pepfjzifh aqmif&GufEdkif rnfvnf;jzpfonf/ jrefrmEdkifiHtaejzifh q,fpkESpfig;ckeD;yg; tjynfjynfqdkif&m todif;t0ef;ESifh qufqa&;jywfawmuf k H vsuf oD;jcm;&yfwnfc&Ny;D aemuf jyKjyif hJ ajymif;vJrIrsm;udk qufwdkufqdkovdk aqmif&uconftwGuf tD;,ltaejzifh G f hJ h jrefrmEdiitay: rsm;pGmauseyfconf/ k f H hJ aemufxyfta&;ygaomajcvSrf;wpfck rSmtZmbdkif*sefqdkif&mtD;,loHtrwf tjzpf , cif u aqmif & G u f c J h z l ; aom k f Roland Kobia tm;,ckESpftapmydi; wGijf refrmEdiiqi&mtD;,lotrwftjzpf k f H dk f H cefYtyfcJhjcif;yifjzpfonf/ Contd. P 6...
  • LOCAL BIZ 2 Myanmar Business Today December 26, 2013-January 1, 2014 Foreign Trade up 30 percent Kyaw Min MYANMAR’S FIRST BILINGUAL BUSINESS JOURNAL Board of Editors Editor-in-Chief - Sherpa Hossainy Deputy Editor - Oliver Slow M yanmar’s foreign trade posted a rise of $3.65 billion, or 29.7 percent, Reporters & Writers Sherpa Hossainy, Oliver Slow, Kyaw Min, Shein Thu Aung, Phyu Thit Lwin, Htet Aung, Su Su, Aye Myat, Daisuke Lon, Yasumasa Hisada Art & Design Zarni Min Naing (Circle) DTP May Su Hlaing Translators Shein Thu Aung, Phyu Maung Advertising Tay Zar Zaw Win, Seint Seint Aye, Moe Hsann Pann Advertising Hotline - 09 7323 6758 Subscription & Circulation Aung Khin Sint - 092043559 Nilar Myint - 09421085511 Managing Director Prasert Lekavanichkajorn Email Editor - Special Publications - Advertising - Designer - Phone Editor - 09 42110 8150 Deputy Editor - 09 3176 9529 Designer - 09 7310 5793 over the same period in to Ministry of Commerce data. The total trade volume reached $15.92 billion during April to December which maritime trade accounted for $13.28 billion and border trade $2.64 billion. Exports through sea routes amounted to $5.59 billion while imports recorded $7.7 billion, the Phyu Thit Lwin T he Ministry of Electric Power has in- to produce electricity in any part of the country in a bid to tackle the crippling power shortage statement said. Publisher U Myo Oo (04622) Distributor (Bangkok) Penbun Distribution Co., Ltd. Tel: (662) 6158625-33 Fax: (662) 6158634 the UK, the US and the Philippines. Myanmar has recently signed border trade agreements with India, Thailand, China and Bangladesh in a bid to boost trade. Myanmar Summary ,ckb@ma&;ESp yxrudk;v f wmtwGif; jrefrmEdkifiH EdkifiH jcm;ukefoG,frIonf vGefcJhonfh b@ma&;ESpfxuf 29.7 &mcdkif EIef; ydkrdkwdk;wufvmcJhNyD; tar&d uefa':vm 3.65 bDvD,Htxd ydrjkd rifwufvmaMumif; pD;yGm;a&; k h ESifh ul;oef;a&mif;0,fa&;0efBu;D rS tcsuftvufr sm;t& od& onf/ 2013-2014 b@ma&;ESpf {NyDvrS 'DZifbmvtwGif; pkpk aygif;ukeo,ryrmPrSm tar f G f I &duefa':vm 15.92 bDvD,H txd a&muf&SdcJhNyD; a&aMumif; ukefoG,frIrS tar&duefa':vm 13. bDvD,H&&SdcJhNyD; e,fpyf 28 ukeo,a&;rS tar&duefa':vm f G f 2. bDvD,H &&SdcJhonf/ 64 jrefrmEdkifiH t"duydkYukefwGif qef? ajymif;? yJ? yJawmifh&Snf? ESrf;? a&mfbm? a&xGufxkwfukef rsm;? uRef;? opfrm? obm0 "mwfaiGU? ausmufpr;f ESifh txnf d tvdyfwdkY yg0ifNyD; oGif;ukefrsm; wGif Edkxuxwuersm;? pm;tke;f Y G f k f k f qD? aq;0g;ypönf;rsm;? bdvyfajr? pufypön;f rsm;? tDvufxa&mepf toHk;taqmifr sm;ESifh yvwfp wpf t oH k ; taqmif r sm ; yg0if aMumif; od&onf/ Govt Calls on Private Sectors to Invest in Electricity wants to build hydropow- No. 1A-3, Myintha 11th Street, South Okkalapa Township, Yangon. Tel: 951-850 0763, Fax: 951-8603288 ext: 007 data shows. Myanmar’s main export items include rice, maize, peas and beans, sesame, rubber, marine products, teak, hard wood, natural gas, jade and garment while import items include dairy products, palm oil, pharmaceutical products, cement, machinery, electronic equipment and plastics. The government has set a total trade target of $25 billion, 80 percent of which are expected from overseas trade and the rest from border trade. The main exporting destinations for Myanmar in that period were China, India, Thailand, Malaysia, Vietnam, Singapore, are invited to submit applications to the Ministry of Electric Power, the release said. This is the third time the Ministry of Electric Power has invited private sector for electricity generation. Earlier in June and September, the ministry invited the private sector to invest in the key sector. To date, 23 companies have been granted permission to generate electricity in 84 townships. The ministry said interested investors have to mention the details of the proposed project including the type of the power plant and the location where it will be set up. The projects that will meet the required standards of environmental and social assessments will be allowed, it added. Myanmar currently produces overall 3,300 megawatts of electricity. However, production hits a snag during summer as 70 percent of the production comes from hydropower. Companies from Indonesia, Japan and South Korea have already shown interest in invest- Myanmar. Myanmar Summary jrefrmEdkifiHtwGif; vQyfppf "mwf tm; jywf a wmuf r I r sm;udk ajz&Sif;&eftwGuf vQyfppfpGrf; tm;0efBuD;XmerS yk*¾vduvkyf ief;rsm;tm; vQyfppf"mwftm; xkwfvkyfrIvkyfief;rsm;wGif 0if a&mufvkyfaqmifMu&eftwGuf zdwfac:cJhaMumif; trIaqmif wpfOD;rS ajymMum;cJhonf/ a&tm;vQyf p pf p D r H u d e f ; rsm;? obm0"mwfaiGUoHk;ESifh ausmufr;D aoG;oHk; "mwftm;ay;puf½Hkrsm; udk wnfaxmifaqmif&uvaom G f kd rnfonfh yk*¾vduvkyfief;rqdk vQyf p pf p G r f ; tm;0ef B uD ; Xmeod k Y vkyief;tqdjk yKavQmufxm;rIr sm; f jyKvkyfEdkifaMumif; od&onf/ ,ckzdwfac:rIonf vQyfppf pGrf;tm;0efBuD;XmerS wwd, tBudrftjzpf yk*¾vduu@tm; vQyfppf"mwftm;xkwfvkyfrIvkyf ief;twGuf zdwac:jcif;jzpfonf/ f ZGefvESifh pufwifbmvrsm;wGif vnf; 0efBuD;XmerS yk*vuu@ ¾ d tm; vQyfppfpGrf;tm;u@wGif 0ifa&muf&if;ESD;jr§KyfESHMu&ef zdwf ac:cJhonf/ ukrÜPDaygif; 23 ck taejzifh NrdKUe,faygif; 84 ck wGif vQyfppf"mwftm;xkwfvkyf &eftwGuf w&m;0ifcijhf yKcsu&&Sd G f xm;aMumif;vnf; od&onf/
  • 3 December 26, 2013-January 1, 2014 Myanmar Business Today
  • 4 LOCAL BIZ Myanmar Business Today December 26, 2013-January 1, 2014 JFE Forms Steel JV with Construction Ministry 10,000-tonne steel bridge fabrication plant to be built in Yangon Sherpa Hossainy Myanmar Summary Toru Hanai/Reuters J apanese steel giant JFE Engineering Corp has established a joint venture company with the Ministry of Construction in a bid to tap Myanmar’s booming infrastructure construction market, the company said. The new company, J&M Steel Solutions Co Ltd, has started the construction of a 16-acre new plant in Yangon, JFE said in a statement. J&M plans to complete the construction of the steel structure fabrication plant, with an annual capacity of 10,000 tonnes in Thaketa township, Yangon, by April 2014, to start its business related to steel bridge design, fabrication and construction, the company said. In addition to steel bridges, the plant will be capable of making harbour and coastal structures and container cranes, JFE said. The company said it will introduce its high quality fabrication technologies to the plant. The joint venture company will gradually expand the scope of its business to general transportation and logistics infrastructure development, the Tokyo-based company said. Several international construction companies have been wooing Myanmar to make headway into the Southeast Asian nation’s lucrative construction market as it emerges from decades-long isolation and military dictatorship, which left the country direly requiring construction of transportation infrastructure, such as roads and railways, as well as logistics infrastructure, including port terminals. With J&M receiving orders for projects within Myanmar, the A man walks past a logo of JFE Holdings Inc outside its headquarters in Tokyo. ministry of construction aims to increase the ratio of domestically fabricated steel structures from its current level of about 10 percent. JFE said it will leverage the joint venture company not only to receive direct project orders, but also as a production base for the expansion of its overseas steel structure business in Southeast Asia, Middle East and Africa. have since been carried out, and a business licence was granted in November. The share capital of the JV company is ¥1.2 billion ($11.68 million), where JFE Engineering Corp holds 60 percent stake while the Public Works department holds the rest. The company will start with 80-90 employees (about 70 workers) and will increase its human resources up to 210 engineering expertise to the en- workers) by April 2014. JFE Engineering opened its Yangon Branch in 1995 which provides technical support to national companies regarding the construction of large bridges. It has been accepting over 200 welding trainees at its Tsu Works since 2002. It also started an internship training program for students in addition to the country’s transportation and logistics infrastructure. The establishment of the joint venture was agreed to between JFE Engineering and the Public Works department under the ministry in February. Procedures for the establishment of the Yangon Technological University this year to train future infrastructure construction professionals. JFE Holdings, the parent company of JFE Engineering, was formed in 2002 by the merger of NKK and Kawasaki Steel Corp. At the time, NKK Corp was Japan’s second largest steelmaker and Kawasaki Steel was the third largest steelmaker. JFE Holding’s main business is steel production. It also engages in engineering, ship building and real estate redevelopment. JFE Holdings is the world with revenue in excess of $30 billion. JFE Holdings has several subsidiaries including JFE Engineering, JFE Steel and JFE Shoji. *syefEii oHrPdvyief;Bu;D jzpfonfh kd f H k f JFE Engineering Corp onf jrefrmh qufoG,fa&;0efBuD;XmeESifh tusKd;wl zufpyfukrÜPDwpfckudk wnfaxmifcJhNyD; jrefrmEdkifiH zGHUNzdK;wdk;wufpjyKvmonfh tajccHtaqmufttHkaqmufvkyfa&; aps;uGufwGif 0ifa&mufvkyfaqmifvm Edi&eftwGujf zpfaMumif; ukrPrS ajym k f Ü D Mum;cJhonf/ topfwnfaxmifvdkufaom zufpyf ukrPjD zpfaom J&M Steel Solutions Ü k f G Co Ltd onf &efuewif ajr 16 {u tus,ft0ef;tm; toHk;jyKNyD; puf½Hk opfwnfaqmufrtm; tpjyKvyaqmif I k f cJNh yDjzpfaMumif; JFE rS ajymMum;cJonf/ h J &M taejzifh oHrPdpuf½Hk wnf aqmufrItm; 2014 ckESpf {NyDvwGif tNyD;owfaqmif&Gufom;Edkif&ef pDpOf G xm;NyD; wpfESpfvQif rufx&pfwefcsdef 10000 txd xkwvyEipr;f &SrnfjzpfNy;D f k f kd f G d oHrPdwwm;'DZi;f ? xkwvyrEifh wnf H kd f k f I S aqmufrIrsm;udk vkyfaqmifoGm;rnfjzpf aMumif; od&onf/ oHrPdwHwm;rsm;tjyif puf½Hkopf taejzifh oabFmqdyfurf;? urf;ajc taqmufttHr sm;ESif h uGeweemu&de;f k f d f rsm;udkvnf; jyKvkyfoGm;Edkifrnf[k JFE rS ajymMum;cJonf/ puf½twGuf t&nf h kH taoG;jrifrm;onfh xkwvyrenf;ynm h f k f I rsm;udkvnf; rdwfqufay;oGm;rnf[k JFE Engineering rS ajymMum;cJhonf/ zufpyfukrÜPDtm; taxGaxGo,f,l ydkYaqmifa&;ESifh axmufyHhydkYaqmifa&; tajccHtaqmufttHr sm; zGUH NzKd ;wd;k wuf k rIvkyfief;tjzpfodkY wjznf;jznf;csi;f csUJ xGivyuiom;rnf[k ukrPrS ajym f k f kd f G Ü D Mum;cJhonf/ jrefrm Ediitaejzifh o,f,yaqmif k f H l Ykd a&;tajccHtaqmufttHkr sm;jzpfonfh rD;&xm; vrf;rsm;ESifh um;vrf;rsm;tjyif axmufyydkYaqmifa&;tajccHtaqmuf hH ttHk rsm;rSvtyfcsuaygif;rsm;pGmESiawGU kd f hf BuKH cJ&onf/ h
  • LOCAL BIZ 5 Myanmar Business Today December 26, 2013-January 1, 2014 US Slaps Sanctions on Myanmar Firms over N Korea Arms Trade Htet Aung tar&d u ef t pd k ; &b@ma&; Asia Metal 0efBuD;XmerS T Company Ltd, Soe Min Htike Excellence Co Ltd ESifh Mineral Manufacturing Co Yk f Ltd wdtm; trnfrnf;pm&if;oGi; he US government on Tuesday last week imposed sanctions on three companies and one person in Myanmar in its latest arms trade between the Southeast Asian nation and North Korea. The Department of Treasury blacklisted Asia Metal Company Ltd, Soe Min Htike Co Ltd, Excellence Mineral Manufacturing Co Ltd as well as Lt Colonel Kyaw Nyunt target those linked to DDI, which has been involved in purchasing military equipment and related material from North Korea,” the Treasury said in a statement. The Treasury said the move “does not generally target” the Myanmar government, as it has agreed to follow through a UN Security Council resolution banning the purchase of military goods from say Myanmar has curtailed the trade, but not ended it. “The revenues from these continuing military sales directly support North Korea’s illicit activities,” said Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen. “We will continue to target this activity in Burma, and the region, as we work with our international partners to shut down North Korea’s dangerous and destabilising weapons proliferation.” Soe Min Htike was a procurement agent for the DDI, the Treasury said. It and Excellence Mineral worked with North Ko- The US government imposed fresh sanctions on three companies and one person in Myanmar in its latest effort to choke off alleged arms trade between the Southeast Asian nation and North Korea. material for weapons programs. Asia Metal constructed buildings and supplied construction materials on a DDI factory compound where the Treasury said about 30 North Koreans were working. The department added Lt General Thein Htay, the chief of DDI, to its blacklist in July for his involvement in arms dealing with Pyongyang. The military cooperation with North Korea was forged during Myanmar’s international isolation. The State Department has said that in late 2008, visited Pyongyang, they signed a memorandum of understanding with North Korea on assistance to build medium range, liquid-fuelled ballistic missiles. Washington has eased sanctions on Myanmar and sent back an ambassador in response to the reforms undertaken in the Asian nation in the past few years. Myanmar Summary vGeconftywfwif tar&duef f Jh h G tpdk;&rS jrefrmEdii&Sd ukrPD 3 ck k f H Ü ESiy*dK¾ vf 3OD;tm;trnfrnf;pm&if; fh k wGif xnfhoGif;cJhNyD; ta&SUawmif tm&SEiiwpfEiijH zpfonfh jrefrm kd f H kd f EdkifiHESifh ajrmufudk&D;,m;EdkifiHwkdY tMum; vufeufukefoG,frIukd [efwm;&eftwGuf BuKd ;yrf;rIwpfck Y vnf;jzpfaMumif; od&onf/ Bobby Yip/Reuters working with Myanmar’s Directorate of Defense Industries (DDI), a military entity on Washington’s sanctions blacklist since July 2012. The move entails sanctions that bar American citizens from doing business with those targeted and freeze all of their assets under US jurisdiction. “These actions continue cJovdk 'kAvrLS ;Bu;D OD;ausmñeO;D h kd f f G Yf udkvnf; trnfrnf;pm&if;oGif; cJhaMumif; od&onf/ trnfrnf;pm&if;wGif yg0ifaom ukrPrsm;? vly*Kd¾ vrsm;ESifh tar Ü D k f &duef Edki fiH om;rsm; pD ; yGm;a&; yl;aygif;aqmif&GufrI rjyKEdkif&ef twG u f yd w f q d k Y j cif ; jzpf o nf / umuG,fa&;ypönf;xkwfvkyfa&; ½Hk; DDI ESifh qufpyfonfhol rsm;tm; ypfrSwfxm;í ydwfqdkYrI jyKvkyf&eftwGuf BudK;yrf;rIwpfck jzpfNy;D ajrmufu&D;,m;rS ppfbuf kd toHk;jyK vufeufypönf;rsm;ESifh qufpyfypönf;rsm;tm; 0,f,lrI wGif yg0ifconftwGuf tar&duef Jh h rS ,ckuJhodkY ta&;,laqmif&Guf jcif;jzpfonf/
  • LOCAL BIZ 6 Myanmar Business Today December 26, 2013-January 1, 2014 that this is an issue that the government is at least looking at. “What I can see is there have been some attempts [to deal with it]. Thein Sein has been there, he’s met leaders from both [Muslim and Buddhist] sides and some Buddhist leaders have been arrested for their role in the violence. He made a political statement calling for peace, so this is all very good. “But we remain concerned, as it was expressed by the EU and many others in the last UNGA resolution. The EU, the member states of the EU, the international community are all concerned about this issue and I believe that it is not in the interest of Myanmar to let this deteriorate further.” From page 1... four priorities for its development aid to Myanmar for the next years: education, rural development, governance and capacity building, and peace. The EU also used the event to sign agreements with the Myanmar government on Small and Medium Enterprises (SMEs), mining and tourism, as well as an EU-Myanmar Business Council and a European Chamber of Commerce in Myanmar. How the international business community views Myanmar as a place to invest is important as the country continues its reforms, Kobia said. “Companies from Europe see Myanmar as this big new territory where there are great business opportunities, so they come here with a great desire to invest. Now, when people come here, environment compared to Eubegin to see various problems that even the government itself recognises,” he said, referring to issues such as high land prices, access to electricity, lack of human resources, the protection of investments and other problems nesses interested in beginning operations in Myanmar. “I’m not a businessman, but I know there’s one thing that businesspeople don’t like, and that is uncertainty. You need to trust where you put your money, and you need to ensure that you will put the money in a basket that is stable, otherwise you fear you can lose that.” One key area for Myanmar’s development is the Small and Medium Enterprise (SME) market, which makes up for an estimated 90 percent of all companies in the country. During the Task Force, the SMART Myanmar (SMEs for Environmental, Accountability, Responsibility and Transparency) programme was launched, a $2-million project aimed at helping Myanmar SMEs to develop. “In any country of the world, SMEs are the backbone of the economy. We want to help [Myanmar] constitute a strong network of SMEs, therefore constituting a middle class, which in turn will help the country out of poverty.” He added that the way to help SMEs is to set up a legal framepeople an incentive to develop a sense of entrepreneurship. “I’m not an expert in what happened before, but a Socialist economy isn’t the sort of environment where entrepreneur- EEAS of Myanmar’ that is being built”. During the EU-Myanmar Taskforce, which took place in Yangon and Nay Pyi Taw on November 14 and 15, the EU From page 1... EU Ambassador to Myanmar presents his credentials to President U Thein Sein. ship is encouraged. So one thing is the legal framework to make it easier for people to start a company, you also need to provide know-how, transfers of technology and technical assistance. All these things the EU – and other donors, because we’re not the only ones doing this – can do to help create a good business environment.” Another EU-led programme has seen €10 million ($13.5 million) pledged to a programme that will train 4,000 Myanmar licing and crowd management, another sign, Kobia says, that the EU is serious about its engagement with the country to “In countries in transition, you need to show the population that politicians are not just talking about changes. People want the country – they want to feed their children better, they want to send them to better schools, they want less corruption and harassment and they want to see a police force that is there to help them.” Critics of the programme have claimed that providing Myanmar with riot gear violates a longstanding EU arms embargo, but in an earlier press conference, Kobia countered, “the equipment the EU will be providing to the police is only purely defensive, nothing Shortly following this interview, riots began at a football match in Yangon, when the Myanmar national team was knocked out of the Southeast Asian Games football competition after losing to Indonesia. Following the game, supporters began tearing property and hurling rocks at police. The police’s response has come under some criticism, with then later acting in a provocative manner – there are reports of stones back at the rioters. In other incidents, most notably the wave of anti-Muslim attacks that have taken place in parts of the country in the past year, police have been criticised for standing aside as mobs attacked homes and razed entire villages. Kobia says that these sorts of incidents show the need for proper training of Myanmar’s police force, but it is work in progress and will take time to change mentalities, he said. The EU and other governments have been criticised in the past for rewarding the Myanmar government before genuine democracy has reached the country’s citizens. Political prisoners still languish in jails – earlier this year, Thein Sein promised that all would be released by the end of the year, although 41 still remain incarcerated – and ethnic groups are still reporting large-scale abuses, and while Kobia admits that problems remain, overall the country is making progress in this area. “At the beginning, we believed in this country and we believe in the people; it has so far proven the right thing to do. But we remain cautious and demanding… sands have been displaced by violence in the region. Denied citizenship by the government – who see them as illegal ‘Bengali’ immigrants from neighbouring Bangladesh – thousands of Rohingya are languishing in desolate internally displaced person (IDP) camps, unable to leave or to work. With few options available, many women in the camps are turning to prostitution in order to provide for their families and with men unable to work, domestic violence is reportedly on the rise. It is an issue, Kobia says, that the government and all political and religious leaders must take seriously and deal with. The EU can only guide the government in addressing the issue, Kobia says, and this can be done by encouraging them to be aware of the dangerous spillover of this issue and to consider how they are viewed internationally. “It is also a question of reputation. They must show that they are really serious about changing the country. A country that will have the chairmanship of ASEAN, let’s not forget that there are Muslim countries in ASEAN. They must ensure “I’m not a businessman, but I know there’s one thing that businesspeople don’t like, and that is uncertainty. You need to trust where you put your money, and you need to ensure that you will put the money in a basket that is stable, otherwise you fear you can lose that.” the lifting of sanctions must come with progress, and the GSP is linked to certain benchmarks, with regards to democratisation, human rights and labour laws. So the EU remains vigilant and attentive.” One area the EU continues to look very closely at is Rakhine state, most notably the plight of the Rohingya people, a Muslim minority group of which thou- that they are really committed to dealing with a real problem that is not only a concern at a human rights level, but can also derail part of the transition. It can also have an impact on the business environment … it could investment.” While some international observers criticise Myanmar for inaction, Kobia says that he feels 2 011 ckESpf rwfvuwnf;upí jyKjyifajymif;vJrBI uKd ;yrf;csursm;wGif tul f tnDr sm;ay;cJhNyD; jrefrmEdkifiH jyKjyif ajymif;vJrIrsm;wGif yg0ifaqmif&Guf& jcif;onf ordkif;0if tcGifhta&;wpf&yf yifjzpfaMumif; Kobia u Myanmar Business Today odkY vGefcJhonfh tywfu oD;oefYawGUqHkar;jref;pOfü ajymMum;cJhonf/ jyKjyifajymif;vJrIr sm;taejzifh trSef wu,fyif xifomjrifomrI&Sdonfukd awGUjrif&Ny;D jrefrmEdii jyKjyifajymif;vJ k f H rIqdkif&m BudK;yrf;csufr sm;wGif tD;,lrS Mum;cJhonf/ jrefrmEdkifiHwGif; tD;,lrS yg0ifvkyf aqmifcJhonfh u@ESifhqufpyfí ajym Mum;&mwGif 1996 ckESpfrSpí zGHUNzdK; wdk;wufrItwGuf pDrHudef;toD;oD;wGif tar&duefa':vm 300 rDvD,Htxd axmufyHhaqmif&Gufay;xm;cJhNyD; 'Drdk ua&pD? vlUtcGifhta&;? w&m;Oya' pdk;rdk;a&;ESifh vGwfvyfpGm w&m;pD&ifa&; tp&SdonfwdkY tygt0if jrefrmEdkifiH t&nftaoG;wefzdk;tm; jrifhwufvm ap&eftwGuf &nf&G,fí yg0ifaqmif &GufcJhjcif;jzpfaMumif; Kobia u ajym Mum;cJhonf/ xdtjyif tD;,ltaejzifh Nir;f csr;f a&;? kY d wnfNidrfa&;ESif h vHkNcHKrItajctaersm;udk vnf; wdk;wufvmapcsifaMumif; od& onf/ &efukefESifh aejynfawmfwGif Edk0if bmv 14 &ufESifh 15 &ufaeYr sm;wGif jyKvycaom tD;,l-jrefrmtxl;vkyief; k f hJ f tzGUJ awGUqHaqG;aEG;yGwif tD;,lrS zGUH NzKd ; k J G wdk;wufrtwGuf t"duusonfh tcef; I u@rsm;udk xkwjf yefajymMum;cJNh y;D ynm a&;? aus;vufa'ozGHUNzdK;wdk;wufa&;? tpdk;&ESifh pGrf;aqmif&nfwnfaqmufrI ESifh Nirf;csr;f a&;wdkjY zpfaMumif; od&onf/ d tD;,ltaejzifh tqdkygawGUqHaqG;aEG;yGJ k wGif tao;pm;ESifh tvwfpm;vkyfief; udpör sm;? owåKwGif;ESifh c&D;oGm;vma&; vkyfief;? tD;,l-jrefrmpD;yGm;a&;aumifpD oabmwlncsursm;udk vufrwa&;xd;k D f S f cJhonf/ tjynfjynfqkdif&m pD;yGm;a&; todkif;t0ef;rS jrefrmEdkifiHtm; &if;ESD; jr§KyfESH&ef ae&mwpfcktjzpf ½Ijrifjcif; onf jrefrmEdiitaejzif h jyKjyifajymif;vJ k f H rIr sm;udk qufvufaqmif&GufrIouJhodkY yif ta&;ygaMumif; Kobia u ajym Mum;cJhonf/
  • LOCAL BIZ 7 Myanmar Business Today December 26, 2013-January 1, 2014 Yoma Forms JV with Sumitomo to Distribute Hino Trucks in Myanmar estate and agriculture to automotive and luxury tourism in Myanmar and China. Together with its partner, the SPA Group, the group said it’s taking a conglomerate approach WMC portfolio of businesses in Myanmar. Listed in Tokyo, Osaka, Nagoya and Fukuoka stock exchanges, Sumitomo engages in a wide range of businesses that fall in industries including media, resources and transportation systems. Incorporated in 1919, it has an established presence in 116 locations including 65 overseas and 24 in Japan. Myanmar Summary A Hino 300 series truck. Kyaw Min S ingapore-listed Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s leading trading house Sumitomo Corp to distribute and service Hino brand trucks and buses in Myanmar, Yoma said. The proposed joint venture, subject to the approval of relevant authorities, is expected to be 60 percent owned by Sumitomo Corp, 20 percent by Elite Matrix, a wholly-owned subsidiary of Yoma Strategic, and 20 percent by First Myanmar Investment, a subsidiary of Serge Pun & Associates (Myanmar) (SPA). Yoma Strategic said its involvement in this joint venture will serve to further broaden the company’s burgeoning automotive interests in Myanmar. “This collaboration with Sumitomo Corp is but the latest in a long partnership history between Sumitomo Corp and the SPA group of companies,” cant range of operations in Myanmar, said. Hino Motors, a Toyota Motor Corp company, is the largest manufacturer of heavy- and mediumduty trucks in Japan, with sizeable market shares in Southeast Asia and Australia. Worldwide sales of Hino-brand products amount to 130,000 vehicles annually. In Japan, Hino is widely preferred for heavy, medium and increasingly, light duty trucks. Andrew Rickards, Yoma Strategic’s chief executive, the prospects of its partnership with Sumitomo Corp to distribute and service Hino brand trucks and buses in Myanmar. “We have seen demand for robust trucks with good load capacity grow in tandem with the economy and with the continued improvements to infrastructure, we expect this momentum to sustain,” Rickards said. Rickards said demand for long-distance coach services is also likely to increase, particularly for travel between major cities, as urbanisation continues and tourism “Many major vehicle manufacturers are now eyeing the Myanmar market at the back of the vehicle demand growth spurt. We believe that this is a right step for us in our automotive portfolio, in line with our longer term plans to become a automotive industry in Myanmar,” Rickards added. Yoma’s business interests range from real pifumylwGif pm&if;oGi;f xm; onfh Yoma Strategic Holdings onf *syefEdkifiH xdyfwef;vkyf ief;BuD;jzpfaom qlrDwdkrdkaumfydk a&;&Sif ;ESif h [DEdk;trSwfwHqdyf ukewif f um;rsm;ESifh bwfpfum;rsm;tm; jrefrmEdiiHwi kf G f j ze fU j z L ; & e f E Sif h 0efaqmifray;&eftwGuf tusK;d I wl y;l aygif;vkyaqmif&ef tqdjk yK f avQmufxm;rI jyKvyxm;aMumif; k f od&onf/ ,if;tqdjk yKxm;onfh tusK;d wl yl;aygif;aqmif&urtm; oufqif G fI kd &m tmPmydkifr sm;u twnfjyK vkyfief;wGif qlrDwdkrdkrS vkyfief; &S,f,m 60 &mcdkifEIef; ydkifqdkif oGm;zG,f&SdNyD; Yoma Strategic rS vkyief;tjynft0ydiqionfh f h k f kd f vkyfief;cGJjzpfonfh Elite Matrix rS vkyfief;&S,f,m 20 &mcdkifEIef; ESif h Serge Pun & Associates (Myanmar) vkyfief;cGJwpfck jzpfaom First Myanmar Investment rS vkyfief;&S,f,m 20 &mcdkifEIef; ydkifqdkifoGm;zG,f&Sd aMumif; od&onf/ Yoma Strategic rS ,ck tusK;d wly;l aygif;aqmif&urwif G f I G yg0ifrIonf jrefrmEdkifiH&Sd armf awmfum;vkyief;u@wGif ukrPD f Ü twGuf tusK;d aus;Zl;&&Srukdvnf; d I ydrus,jf yefvmaprnfjzpfaMumif; k kd Y Yoma Strategic rS ajymMum;cJh onf/ Toyota Motor Corp ukrÜPDjzpfaom Hino Motors onf *syefEdkifiHwGif tBuD;pm; ESifh tvwfpm;ukefwifum;BuD; rsm; xkwfvkyfrIwGif tBuD;qHk; xkwfvkyfoljzpfNyD; ta&SUawmif tm&SESifh MopaMw;vswGif aps; uGu&,,mBu;D Bu;D rm;rm;ydiqif f S f k f kd xm;olvnf;jzpfonf/ urÇmwpf 0ef;wGif Hino trSwfwHqdyf armfawmfum;rsm;tm; ESpfpOf 130000 pD;a&txd a&mif;cs& aMumif; od&onf/ Yoma Strategic trI aqmif csKyf j zpfol Andrew Rickards u qlrDwdkrdkaumfydk a&;&Sif;ESifh tusKd;wlyl;aygif;í trSwwqyuewifum;rsm;ESihf f H d f k f bwfpfum;rsm;tm; jrefrmEdkifiH wGif jzefYjzL;0efaqmifrIay;oGm; &ef Yoma taejzifh ,HkMunfrI &SdaMumif; ajymMum;cJhonf/
  • LOCAL BIZ 8 Myanmar Business Today December 26, 2013-January 1, 2014 Myanmar, Cambodia Ink Visa Exemption Treaty First Myanmar-Hosted ASEAN FM Meeting Set for January Kyaw Min T Erik De Castro/Reuters foreign ministers meeting of the Association of Southeast Asian Nations (ASEAN) has been set for January 17 next year in Myanmar’s Bagan in Mandalay region. At the ASEAN FM meeting, Myanmar Foreign Minister U Wunna Maung Lwin will present the prioritised tasks to be undertaken by the regional - Tourists ride an elephant past the ruins of Cambodia’s Bayon temple in Siem Reap. Kyaw Min M yanmar and Cambodia have agreed on mutual visa exemption for holders of ordinary passports. The agreement on the move was signed by Deputy Foreign Minister U Tin Oo Lwin and Cambodian Ambassador to Myanmar Sieng Burvuthin in Nay Pyi Taw. The signing was aimed at strengthening existing relations procedures of citizens travelling between the two countries. In February 2011, Myanmar established air link with Cambodia with its Myanmar Airways international (MAI) Siem Reap, an ancient city in Cambodia. to reach Phnom Penh, capital of Cambodia, in November 2011. The airline’s extension to Phnom Penh has created a long-term cooperation between Cambodia and Myanmar on tourist, culture, trade and in- The direct air link between Myanmar and Cambodia was introduced after the 4th Ayeyarwady Chaophraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and 5th CLMV Summit in November 2010 which was aimed at developing tourist industry in the subregion. The Philippines and Myanmar also signed a visa-free agreement during the state visit of President U Thein Sein in the Philippines this month, while in October a visa exemption agreement for ordinary passport holders was signed by Vietnam and Myanmar. Myanmar and Laos signed a reciprocal 14-day visa exemption for ordinary passport holders in 2006. In October, the Thai cabinet also approved a draft proposal to waive entry visa requirement for Thai and Myanmar citizens, making short-term visits by air. During a parliamentary session this August, deputy minister Tin Oo Lwin said Myanmar will try to sign visa exemptions with other ASEAN countries in Myanmar signed an agreement with Cambodia, Indonesia, and Philippines in June during the World Economic Forum to develop a smart visa system for the development of tourism in the region. Myanmar Summary jrefrmEdkifiHESifh uarÇm'D;,m;EdkifiHwdkY onf rl&if;EdkifiHul;vufrSwfudkifaqmif xm;olrsm;twGuf ESpfEdkifiHpvHk;twGuf tusKd;&Sdonfh ADZmuif;vGwfcGifhtm; oabmwlnDcJhNyDjzpfaMumif; od&onf/ AD Z muif ; vG w f c G i f h o abmwl n D c suf tm; Ediia&;&m0efBuD;Xme 'kw,0efBuD; k f H d OD;wifO;D vGiEihf jrefrmEdiiqi&m uarÇm f S k f H kd f 'D;,m;oHtrwf Sieng Burvuthin wdkY u aejynfawmfwGif vufrSwfa&;xdk;cJh Mujcif;jzpfonf/ ,ck ADZmuif;vGwfcGifh oabmwlnDcsuftm; u@tm;vHk;ü vuf&EpEiiv;kH qufqa&;ydrcirm dS S f kd f H H k kd kd f vmap&efESifh ESpfEdkifiHpvHk;rS EdkifiHom; rsm;taejzifh wpfEdkifiHESifh wpfEdkifiH c&D; oGm;vm&mwGif vdktyfonfh vkyfxHk; vkyfenf;rsm;tm; ydkrdk&Sif;vif;vG,ful vmap&eftwGuf &nf&G,faMumif; od& onf/ 2011 ckESpf azazmf0g&DvwGif jrefrm EdkifiHonf uarÇm'D;,m;ESifh avaMumif; wdkuf½dkufajy;qGJrIudk aqmif&GufEdkifcJhNyD; Myanmar Airways international (MAI) rS &efukefESifh uarÇm'D;,m; a&S;a[mif;NrdKUjzpfaom Siem Reap odkY avaMumif;wdkuf½kufajy;qGJrIr sm; d jyKvkyfEdkifcJhonf/ avaMumif;wdkuf½dkuf ajy;qGr0efaqmifrrsm;tm; uarÇm'D;,m; J I I EdkifiH NrdKUawmfjzpfaom zEGrf;yifodkY vnf; 2011 Edk0ifbmvwGif wdk;csJU aqmif&uconf/zEGr;f yifokYd avaMumif; G f hJ csJUxGifajy;qGJrIonf uarÇm'D;,m;ESifh jrefrmEdkifiHwdkYtMum; c&D;oGm;vkyfief;? ,Ofaus;rI ? ukeo,a&;ESihf &if;ES;D jrK§ yErI f G f f SH u@rsm;tMum; a&&Sny;l aygif;aqmif f &Gurtajctaewpf&yfukd zefw;D ay;Edif f I k cJhaMumif; trIaqmifrsm;u ajymMum; cJhonf/ av;Bud r f ajrmuf Ayeyarwady Chaophraya-Mekong Economic Cooperation Strategy (ACMECS) awGUqHkaqG;aEG;yGJESifh ig;Budrfajrmuf CLMV awGUqHkaqG;aEG;yGJwdkYtm; c&D; oGm;vkyief;rsm; zGUH NzKd ;wd;k wufvmap&ef f &nf & G , f í jyKvk y f u sif; ycJ h NyD; aemuf jrefrmEdkifiHESifh uarÇm'D;,m;avaMumif; wdkuf½dkufcsdwfqufrIrsm;udk pwifrdwf quf c J h j cif; jzpf o nf / ,ck v twG i f ; OD;ode;f pderS zdvpfyiEiiokYd oGm;a&muf f kd f kd f H cJNh y;D xdc&D;pOftwGi;f zdvpfyiEifh jrefrm k kd f S EdkifiHtMum; ADZmuif;vGwfcGifhoabm wlncsuuvnf; vufrwa&;xdk;cJonf/ D f kd S f h Foreign Ministry said. The ASEAN FM meeting will help promote tourism and bring more foreign investment into the country, U Aung Htoo, director general of the department, said. In 2011, ASEAN leaders at their summit approved Myanmar to take the ASEAN chair in 2014, which was taken over by Myanmar from Brunei on October 10 at the 23rd ASEAN summit held in Bandar Seri Begawan. During Myanmar’s one-year term of the ASEAN chairmanship, more than 240 regional meetings are scheduled to be held in Nay Pyi Taw, Yangon, Mandalay and Bagan. ASEAN adopted its Vision-2020 in 1997 and is striv- ing to establish the ASEAN Community in 2015. Myanmar became an ASEAN member in 1997. ASEAN comprises ten member countries – Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Myanmar Summary ta&SUawmiftm&StzGJU0ifEdkifiHrsm; EdiijH cm;a&;0efBu;D rsm; awGUqHaqG;aEG;yGJ k f k tm; jrefrmEdiiwif yxrOD;qH;k tBurf k f H G d tjzpf {nfcjH yKvyom;rnfjzpfNy;D rEÅav; h k f G wdkif;a'oBuD; yk*HwGif vmrnfhESpf Zefe0g&Dv 17 &ufaeYü jyKvkyfoGm;&ef owfrSwfcJhaMumif; od&onf/ tmqD,EiijH cm;a&;0efBuD;rsm; awGUqHk H kd f aqG;aEG;yGJwGif jrefrmEdkifiHrS EdkifiHjcm;a&; 0efBuD; OD;0PÖarmifvGifrS tmqD,HtzGJU tpnf;rS t"duxm;aqmif&Guf&rnfh vk y f i ef ; rsm ;tm; wif j yoG m ;rnf j zpf aMumif; od&onf/ tmqD,EiijH cm;a&;0efBuD;rsm;awGUqHk H kd f aqG;aEG;yGonf c&D;oGm;vkyief;ESihf EdiiH J f k f odkY &if;ESD;jr§KyfESHrIr sm; ydkrdka&muf&Sdvm&ef twG u f t ul t nD j zpf ap aMumif; OD;atmifxl;u ajymMum;cJhonf/ 2011 ckESpfwGif tmqD,HEdkifiHrS acgif;aqmifr sm;taejzifh jrefrmEdkifiH tm; tmqD,Ouú|&mxl;udk 2014 wGif H xrf;aqmifoGm;&eftwGuf twnfjyK axmufcHay;cJhMuonf/ Myanmar Sees More Than 300,000 Visitors in Seven Months Kyaw Min M yanmar saw a total of 318,543 tourists visiting the country in Of the travellers, 107,750 came by air, data shows. The number of tourist arrival is expected to increase at the end of this year as many foreign visitors are visiting Myanmar to attend the 27th Southeast Asian Games. Myanmar targets 2 million tourist arrivals in 2013 and up to 3 million in 2014. In 2012, the number of tourist arrival reached 1.02 million, an increase of 200,000 compared ing reforms in Myanmar. Authorities also granted visa- on-arrival for visitors from 48 countries in a bid to lure more visitors. Myanmar Summary 2013 ckESpf yxr 7 vwmtwGif; jrefrmEdkifiHodkY pkpkaygif;urÇmvSnfhc&D; onfaygif; 318543 OD;a&muf&Sdvm cJhaMumif; w&m;0ifpm&if;tif;tcsuf tvufr sm;t& od&onf/ tqd k yg c&D ; onf t a&twG uf wGif c&D;onf 107750 OD;rSm avaMumif; jzifh a&muf&SdvmcJhjcif;jzpfaMumif;vnf; od&onf/ 27 Budrfajrmuf ta&SUawmif tm&Stm;upm;yGawmftm; jrefrmEdiiu J k f H tdrf&SiftjzpfvufcHusif;yonfhtwGuf EdiijH cm;c&D;oGm;rsm;taejzifq;D *dr;f tm; k f h upm;yGJawmfwGifyg0ifqifETJ&eftwGuf a&muf&vmrIrsm;aMumif,ck ESpfukefwGif dS h jrefrmEdiiourÇmvSnc&D;oGm;a&muf&dS k f H Ykd hf vmrIta&twGufrSmydkrdkjrifhwufvmEdkif rnf[k cefYrSef;xm;onf/
  • LOCAL BIZ 9 Myanmar Business Today December 26, 2013-January 1, 2014 Southeast Asia Opium Production Poverty pushing Myanmar opium output higher Shein Thu Aung Myanmar Summary L ed by a 13 percent increase in Myanmar opium cultivation to 57,800 hectares (from 51,000ha in 2012), opium poppy cultivation in Southeast Asia’s Golden Triangle of Myanmar, Laos and Thailand rose for the seventh consecutive year, according to a vGecJonftywfwif xkwjf yef f h h G cJaom ukvor*¾ rl;,pfaq;0g; h ESifh rIcif;qdkif&m½Hk; (UNODC) rS ppfwrf;t& jrefrmEdkifiHwGif 2012 ckESpfübdef;pdkufy sKd;onfh {&d,mrSm 51000 [ufwm&SdcJh NyD; ,ckESpfwGif 13 &mcdkifEIef; wdk;wufvmcJhum pdkufysKd;{&d,m rSm 57800 [ufwmtxd &Sdvm cJhaMumif; od&onf/ jrefrmEdkifiH? vmtdkESifh xdkif; EdkifiHwdkY e,fedrdwfc sif;xdpyfae aom a&TBwd*Ha'owGif bdef;yif pdkufy sKd;rIrSm 7 ESpfqufwdkuf jrifwufvmcJaMumif; od&onf/ h h UNODC Southeast Crime (UNODC) report released last week. The UNODC report, Southeast Asia Opium Survey 2013 – Lao PDR, Myanmar, said despite in Laos and remains low in Thailand, the survey shows increased production in Myanmar has caused the entire region’s production levels to more than double since 2005. In 2013, Lao PDR and Myanmar produced 893 tonnes of opium – 18 percent of global opium production – a 22 percent increase from 2012, and 2.7 times more than in 2005 when they produced 326 tonnes. A 15-year plan developed by the Myanmar government in 1991 helped reduce production levels for most of the 1990s and early 2000s, but since 2006 production has steadily increased. clear that we need to step root causes of cultivation and promote alternatives to poppy growing,” said Jeremy Douglas, UNODC regional representative, Southeast Asia and the “We need to act quickly. The Golden Triangle is the geographic centre Asia Opium Survey 2013 Damir Sagolj/Reuters yields combined with a rise in cultivation saw Myanmar opium production increase 26 percent in 2013 to an estimated 870 tonnes – the highest since assessments by UNODC and the Myanmar government began in 2002. While production of opium poppy – a key ingredient in the production of heroin and various other illegal drugs – ap- ppfwrf;t& bdef;pdkufy sKd;rIrsm;udk ESdrfESif;rIrsm;udk BudK;yrf;aqmif &Gucaomfvnf; 2013 ckEpwif f Jh S f G jrefrmEdiirS bde;f pduysK;d xkwvyf k f H k f f k rIrSm 26 &mcdkifEIef; ydkrdkjrifhwuf vmNy;D cefre;f ajctm;jzifrufx&pf Y S h Contd. P 21... of the Greater Mekong Sub-region, and plans are well underway to expand transport and infrastructure and lower trade barriers and border controls across the region. The organised criminal netSoutheast Asia’s illicit drug trade are well positioned to take advantage of regional integration,” Douglas said. The resurgence in cultivation and production may be fuelled by a rise in demand for opiates in local and regional markets, says UNODC. In Myanmar and Lao PDR, the use of heroin, opium and synthetic drugs remains high – and was “much higher” in poppy-growing villages. Myanmar is Southeast Asia’s largest opium poppy-growing country and the world’s second largest after Afghanistan. Shan State remains the centre of Myanmar’s opium activities, accounting for 92 percent of opium poppy cultivation, with the rest located mainly in Kachin state. In Lao PDR, the UNODC survey cultivation in the three northern provinces of Phongsali, Xiangkhoang and Houaphan. The increase raises concerns among development agencies and governments that not enough is being done to provide alternative employment options to poppy farmers and improve livelihoods in impoverished Myanmar. Myanmar is the poorest in Southeast Asia according to the World Bank, and opium cultivation is a major source of income for many farming families, says the UNODC. UNODC said surveys of farmers in Golden Triangle poppy-growing villages show that money from poppy cultivation is essential for villagers threatened with food insecurity and poverty. “Our survey shows a strong link between poverty and poppy cultivation,” said Jason Eligh, UNODC Myanmar Country Manager. “Opium farmers are not bad people, they are poor people. Money made from poppy cultivation is an essential part of Contd. P 26... MasterCard Adds $25,000 to Train Women Entrepreneurs in Rural Myanmar MasterCard & Mercy Corps program sees an average 218pc increase in participant knowledge of key business and financial concepts Kyaw Min A merican payment network giant MasterCard said women entrepreneurs funding to support business literacy initiatives in rural Myanmar. The additional $25,000 in funding from MasterCard will go towards the expansion of the business literacy program with Mercy Corps called Business and Financial Literacy for Success. The program educates small farmers and households on basic business skills and money management practices. MasterCard said the grant will allow Mercy Corps to provide the second phase of training, which will include indepth and targeted business advisory services, mentoring and links to women entrepreneurs in the delta region start or expand their businesses. “This partnership between MasterCard and Mercy Corps has already seen more than 1,200 farmers and entrepreneurs, the latter of whom are mainly women, benof the Mercy Corps training,” Matthew Driver, Southeast Asia president, MasterCard, said. Providing training in fundamental business skills such as bookkeeping and budgeting, promotions and customer service directly not only by helping them improve their business performance but also in achieving their goal of supporting their families and communities, he said. program that launched Contd. P 26... Myanmar Summary tar&duefEdkifiH aiGay;acsrI uG e f & uf v k y f i ef ; BuD ; jzpf a om MasterCard u aus;vufa'o rsm;wGif pD;yGm;a&;todynmrsm; tm; &&Svm&ef aqmif&urr sm; d G f I twGuf aiGaMu;axmufyrtopf hH I wpf&yfudk jyKvkyfay;oGm;rnfjzpf onf h t wG u f trsK d; orD ; pG e f YOD ; wDxGifvkyfief;&Sifrsm;taejzifh tusKd ; aus;Zl ; cHpm;&rnf j zpf aMumif; ajymMum;cJhonf/ MasterCard rS aemufxyf tar&duefa':vm 25000 tm; aiGaMu;axmufyronf Mercy hH I Corps ESif h vkyfaqmifaeaom pD;yGm;a&;todynmay;tpDtpOf wGif toH;k jyKom;rnfjzpfaMumif; G od&onf/ tqdkygtpDtpOfonf v,f orm;rsm ;ES i f h td rf axmifpkr sm; tm; tajccHpD;yGm;a&;qdi&m pGrf; k f &nfr sm;ESifh aiGaMu;pDrHcefYcGJrI usifh oHk; enf ; r sm ; tm; a 0r Q oifMum;ay;aMumif;vnf; od& onf/ Contd. P 26...
  • LOCAL BIZ 10 Myanmar Business Today December 26, 2013-January 1, 2014 Japan, Myanmar Sign Investment Pact Treaty to nurture business ties, improve protections: Officials Kyaw Min J Myanmar. Myanmar President Thein the treaty would expand investment opportunities for Japan. both countries, Japan will have concluded investment treaties or economic partnership agreements laying down investment rules with all 10 ASEAN member countries. The Japan-Myanmar investment treaty includes a so-called investor-state dispute settlement system, one of the focal points of the ongoing Transnegotiations. Attracting foreign investment and lending is crucial for aiding the expansion of Myanmar’s resource-rich economy. Mypotential but is burdened with also lacks a manufacturing base after decades of foreign sanctions and restrictive laws under military rule. Japan is Myanmar’s largest aid donor. To help clear the way for the investment treaty, Tokyo agreed to forgive about $5.32 billion in debt owed by Myanmar and extended bridge loans to help clear the rest. Abe has promised to help support Myanmar’s economic and political reforms with both public and private help, including fresh loans for infrastructure building and major development assistance that “Under the treaty, Japanese businesses operating in Myanmar will be granted equal rights to local companies and Myanmar companies doing business in Japan will receive the same treatment.” The Japanese government hopes to promote the business expansion of Japanese companies in Myanmar, a market closely watched for strong growth prospects thanks to progress in economic reform. At a joint news conference after the signing, Prime Kimimasa Mayama/Pool apan and Myanmar have signed an investment treaty to nurture closer business ties as the once secluded Southeast Asian country opens its fast-growing economy to more foreign businesses. Prime Minister Shinzo Abe and Myanmar President U Thein Sein signed the investment treaty on the sidelines of a three-day special summit meeting in Tokyo between Japan and the Association of Southeast Asian Nations (ASEAN). Japanese businesses have been eager to invest in Myanmar and have stepped up their activities here after Thein Sein’s reformist government came to power in 2011 after nearly 50 years of military rule. Japan’s trade ministry said the agreement is intended to provide greater protections and a stable legal environment for investors. Under the treaty, Japanese businesses operating in Myanmar will be granted equal rights to local companies and Myanmar companies doing business in Japan will receive the same treatment. The treaty calls for Japanese investors to receive the same protections provided to other foreign investors under international rules and prohibits the imposition of export, technology transfer or other requirements in exchange for such investments. It is also intended to improve transparency, key for a country struggling with endemic corruption. Minister Shinzo Abe said the treaty demonstrates Japan’s determination to support will support Japanese business interests in the Southeast Asian nation. Japan had close ties with Myanmar before the junta took power in 1988 and Tokyo suspended grants for major projects. Japan did not impose sanctions on Myanmar in 2003 Myanmar's President Thein Sein (L) and Japan's Prime Minister Shinzo Abe shake hands at the start of their talks at the prime when the military regime put pro-democracy leader Aung San Suu Kyi under house arrest, unlike the US and other Western countries, though it did scale back most business activities and cut government aid. Japan’s investments in Myanmar still lag behind those of China and India, though that is fast changing. Trading companies Mitsubishi Corp, Marubeni Corp and Sumitomo Corp are leading a project to develop the 2,400-hectare (5,900-acre) Thilawa Special Economic Zone, located near Yangon, Japan’s biggest investment in Myanmar so far. Myanmar Summary *syefEihf jrefrmEdiiwonf &if;ES;D jrK§ yESH S k f H Ykd f rI oabmwlnDcsufwpfcktm; vufrSwf a&;xd;k cJNh y;D pD;yGm;a&;yl;aygif;vkyaqmif f rIrsm;udk ydrw;kd wufvmap&eftwGujf zpf k kd aMumif; od&onf/ ta&SUawmiftm&StzGUJ 0ifEiiwpfEiiH kd f H kd f jzpfaom jrefrmEdkifiHtaejzifh pD;yGm;a&; zGUH NzdK;wdk;wufrIEIef; jrefqefNyD; EdkifiHjcm; vkyfief;rsm;twGufvnf; ydkrdkwHcg;zGifh aqmif&GufvmcJhonfudk awGUjrifvm& onf/ *syefEdkifiHESifh ta&SUawmiftm&S tzGJU0ifEdkifiHrsm;qdkif&m xdyfoD;awGUqHk aqG;aEG;yGtm; wdusKü oHk;&ufMum jyKvyf J k d k cJhNyD; xdktcsdeftwGif;rSmyif *syefEdkifiH 0efBu;D csKyf &SiZtmab;ESifh jrefrmEdii f kd k f H or®w OD;odef;pdefwdkYrS &if;ESD;jr§KyfESHrIqdkif &moabmwlnDcsufudk vufrSwfa&;xdk; cJhMujcif;jzpfonf/ ESpfaygif; 50 eD;yg; ppftpd;k &tkycsKyrtNy;D 2011 ckEpwif f f I S f G t&yfom;tpd;k &rS tkycsKya&;wm0efrsm; f f udk pwifxrf;aqmifcJhNyD; xdktcsdefrSpí *syefEdkifiHrSvkyfief;rsm;taejzifh jrefrm EdkifiHwGif &if;ESD;jr§KyfEHSvmvdkMuonf/ *syefEdkifiH ukefoG,fa&;0efBuD;XmerS ajymMum;csut& ,ckoabmwlncsuf f D onf ydkrdkaumif;rGefaom tumtuG,f rsm;tm; axmufyHhay;oGm;Edkifrnfjzpf ovdk &if;ES;D jrK§ yEolrsm;twGuf wnfNirrI f SH df &Saom w&m;0ifp;D yGm;a&;todi;f t0ef; d k wpfcvnf; jzpfwnfvmaprnf[k od& k onf/ tqdygoabmwlncsufpmcsKyatmuf k D f üf jrefrmEdiiwif pD;yGm;a&;vkyief;rsm; k f H G f aqmif&uaeaom *syefvyief;rsm;tae G f k f jzifh jynfwGif;vkyfief;rsm;ESifh wef;wl tcGita&;udk &&Som;EdirnfjzpfNy;D *syef hf d G k f EdkifiHwGif vkyfief;aqmif&Gufaeaom jrefrmukrPrsm;taejzifvnf; tvm;wl Ü D h tcGita&;rsm;udk &&Som;rnf[k od&onf/ fh d G jrefrmEdii&dS *syefEiirS &if;ES;D jrK§ yEol k f H kd f H f HS rsm;rS tjcm;&if;ESD;jr§KyfESHolrsm; axmufyHh &&Sdonfh tjynfjynfqdkif&m pnf;urf; rsm;? enf;ynmvTJajymif;ay;ydkYrIrsm; tp &Sonfh tcsursm;twdi;f &&Saqmif&uf d f k d G vmEdkif&eftwGufvnf; ,ckoabmwl pmcsKyu zefw;D ay;oGm;Edirnfjzpfonf/ f k f xdkYtjyif tusifhysufjcpm;rIjyóem rsm;jzifh ½kef;uefae&aom jrefrmEdkifiH twGuvnf; yGivif;jrifomrIu@wGif f hf wd;k wufvmaprnfjzpfonf/ *syeftpd;k & rS jrefrmEdkifiHwGif *syefukrÜPDrsm; vkyfief;rsm; csJUxGifrIudk wdk;wufvmap &ef arQmfrSef;xm;aMumif; od&onf/ jref r mEd k i f i H t aejzif h pD ; yGm ;a&;jyKjyif ajymif;vJrrsm;wGif wdk;wufrrsm;aMumifh I I zGUH NzKd ;wdk;wufrItvm;tvmaumif;rsm; vnf;&Sdaeonfh aps;uGufwpfckvnf;jzpf onf/ jrefrmEdkifiH or®wOD;odef;pdefu ,ckoabmwlnDcsufonf *syefEdkifiH twGuf &if;ES;D jrK§ yErtcGitvrf;aumif; f HS I hf rsm;udk ydkrdkzefwD;ay;vmEdkifrnf[k rdrd taejzifh ,HkMunfaMumif; ajymMum;cJh onf/ jref r mEd k i f i H t aejzif h E d k i f i H j cm;tul tnDrsm;ESifhacs;aiGrsm;&&SdrIonfzGHUNzdK; wdk;wufrItwGuf rsm;pGmtusdK;jyKEdkif onf h t axmuf t yH h r sm;yif j zpf o nf / jrefrmEdkifiHonf zGHUNzdK;wdk;wufrItvm; tvmaumif ; rsm;&S d a eaomf v nf ; pdkufysdK;a&;u@ESifhukefxkwfvkyfrIu@ rsm;wG i f t m;enf ; csuf r sm;&S d a eao; onf/ t&yfom;tpdk;&rStkyfcsKyfa&;wm0ef rsm;ud k p wif x rf ; aqmif p Of r S p NyD ; tajymif ; tvJ r sm;ud k j yKvk y f c J h o nf h twGufjynfyEdkifiHrsm;uvnf;jrefrm Ed k i f i H E S i f h q uf q H a &;ud k j yef v nf w nf aqmufvmcJhMuonf/ *syefEdkifiHonf jref r mEd k i f i H o d k Y t ul t nD a ygif ; rsm;pG m axmufyHhay;xm;NyD; jrefrmEdkifiHEdkifiH a&;ESifhpD;yGm;a&;jyKjyifajymif;vJrIrsm; wGifvnf;taxmuftyHhtultnDrsm; tm;*syef E d k i f i H r S u l n D a y;oG m ;rnf [ k *syefEdkifiH0efBuD;csKyfjzpfol &SifZdktm ab;uuwdjyKcJhNyD;taemufEdkifiHrsm;u vnf;pD;yGm;a&;ydwfqdkYrIrsm;udkajzavQmh ay;cJhonf/
  • LOCAL BIZ 11 Myanmar Business Today December 26, 2013-January 1, 2014 STADA Expands its Business Activities into Myanmar Su Su G erman pharmaceutical producer STADA Arzneimittel AG’s products are now available in Myanmar, making the company one of the companies to take up activities in the Southeast Asian country. The company said its local STADA products, including both generics and branded, on the market via in-licensing. our strategy of continuous internationalisation while focusing on high-growth emerging markets in the process,” the executive board of STADA Arzneimittel AG, said. “Now that the country has opened up, the supply of medicines in the market with a population of 60 million shows substantial pent-up demand, particularly for high-quality, low-cost medicines. “We intend to be present from the beginning. The licensing model and our experience in Asia have provided us good opportunities in the future market “STADA’s commitment is very forward-looking,” said Christian-Ludwig Weber-Lortsch, ambassador of the Federal Republic of Germany to Myanmar. from the Burmese market opening up. German companies like STADA can penetrate a growing market with future prospects. The population, on the other Alex Domanski/Reuters will be expanded gradually, STADA said. The logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel near Frankfurt. hand, gains access to a highquality yet low-cost supply of medicines.” The production of medicines for Myanmar will commence from the end of 2015 in a newly built production facility in YanSTADA said. To that end, Stada Myanmar Joint Venture Co Ltd was founded; the STADA Group has no shareholding in this company. The licence agreement, however, gives STADA the option of taking over the company at a later date. Until then, the Myanmar market will be supplied with products from the Vietnamese production facilities of the STADA Group. STADA Arzneimittel AG is a publicly-listed company with headquarters in Bad Vilbel, Germany. The group is the only independent generics producer in Germany. Worldwide, ing companies in the generics industry and is represented in more than 30 countries with approximately 50 subsidiaries. achieved group sales of €1.83 billion, adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €367.5 million and adjusted net income of €147.9 million. As of December 31, 2012, STADA employed 7,761 people worldwide. Myanmar Summary *smreDEdkifiH aq;0g;xkwfvkyfonfh vkyief;jzpfonfh STADAArzneimittel f AG xkwfukefrsm;taejzifh ,ck tcg jrefrmEdkifiHwGif &&SdvmEdkifNyDjzpf aMumif; od&onf/ STADA taejzifh jrefrmEdiiwif k f H G pD;yGm;a&;aqmif&urukd wd;k csUJ aqmif&uf G fI G jynf w G i f ; tusKd ; wl v k y f i ef ; taejzif h ,cktcg STADA xkwfukefrsm;udk a&mif;csurf;vSrf;rIr sm;udk jyKvkyfay;ae aMumif; ajymMum;cJhonf/ jrefrmEdkifiHaps;uGuftaejzifh rdrdwdkY ukrPrS vuf&Svyaqmifaeaom enf; Ü D d k f AsL[mrsm;ESifh udunr&aeNy;D wd;k wufrI k f D I dS EIef;jrifhrm;onfh zGHUNzdK;qJaps;uGufr sm;udk t"dutm½HkpdkufvkyfaqmifaeaMumif; STADA Arzneimittel AG rS trI aqmifbkwftzGJU Ouú| Hartmut Retzlaff u ajymMum;cJhonf/ jrefrmEdkifiHtaejzifh ,cktcg zGHUNzdK; wd;k wufr&Svmovdk wHcg;zGiaqmif&uf I d hf G vmrIrsm;aMumifh jrefrmEdkifiHrS jynfol rsm;twGuf t&nftaoG;aumif;rGefNyD; ukefusp&dwfoufomonfh aq;0g;rsm; udk axmufy&eftwGuf vdtyfaeaMumif; hH k tm&Swif aqmif&ucaom tawGUtBuKH G G f hJ rsm;ESifh w&m;0ifa&mif;csrIjyKvkyfEdkifcGifh &&Sdxm;rIwdkYu jrefrmEdkifiH tem*wf aps;uGuftwGuf tcGifhtvrf;aumif; rsm;udk axmufyay;aeaMumif; Retzlaff Hh u ajymMum;cJonf/ h
  • LOCAL BIZ December 26, 2013-January 1, 2014 12 Myanmar: Year in Review 2013 Michael Nesbitt wd;k wuf vmcJho nf / 2013 ck E S p f w pf avQmufwGif tar&dueftpdk;&rS pD;yGm; a&;ydwfqdkYrIr sm;udk ajzavQmhay;cJhNyD; tvm; tvm aumif ; rsm ; &S d a eaom jrefrmhaps;uGufudkvnf; tar&duef vkyfief;rsm; pdwf0ifpm;rI ydkrdk&Sdvmap cJhonf/ F rom the announcement of winners of the inaugural international telecoms tender to the awarding of lucrative oil blocks, as well as the ongoing challenge for peace in the Kachin and Rakhine states, 2013 was not short of headlines for this once-isolated nation. A year after the passing of the Foreign Investment Law, the role of Chinese investors has tap into the frontier market. South Korea and Japan further extended their reach to the country and will play a vital role in the evolution of the economy, with investment commitments across infrastructure, the development of special economic zones and the announcement, in June, by Japanese Prime Minister Shinzo Abe to cancel debt amounting to $1.74 billion. sector could hasten development and further boost foreign investment. The Central Bank of Myanmar (CBM) gained independence this year, while steps have been taken to adopt new exchange rate mechanisms, liberalise the insurance market and set up ATMs nationwide. Another key development is the government’s commitment to establish the Yangon Stock Exchange (YSE). The exchange is being set up with the oversight of Daiwa Securities Group, the Japanese government and Myanmar Economic Bank, and is expected to open in 2015 in line with the commencement of the ASEAN Economic Commutor is maturing at a rapid rate, considering that the majority of transactions were previously handled in cash, many experts believe it will be a challenge to launch the YSE by 2015. In June, U Htay Aung, the minister of hotels and tourism, unveiled the Tourism Master Plan (TMP), which set out a goal of boosting annual tourism receipts from $534 million in 2012 to $10.8 billion by 2020. In a year that saw property and hotel rates skyrocket, with average expenditure on accommodation at $200-299 per night in Yangon, onlookers will be keen plan will have on room rates and availability. Soe Zeya Tun/Reuters funds from the West and other ASEAN members has increased. An improved picture Throughout 2013, the US government eased sanctions, which has increased inter- Myanmar Business Today As part of the TMP, the tender for Hanthawaddy International Airport was awarded to a South Korean consortium in August, valued at $1.1 billion. Viewed as a critical step to boost tourism and trade – with the Asian Development Bank (ADB) estimating arrivals to reach 5 million by 2020 – the airport will be situated 80 kilometres (km) north of Yangon and have the capacity to host 12 million arrivals annually, with room to eventually expand to 30 million. Meanwhile, foreign direct investment (FDI) rose to $2.7 (ended March 2013), up from $1.9 billion in 2011/12, according to the World Bank. Oil and gas revenues continue to drive the economy, with GDP growth of 6.5 percent for 2012/13. While the retail and construction sectors expanded with hotels, shopping malls and apartment buildings being erected throughout Yangon, Mandalay and Nay Pyi Taw, more can be expected from agriculture, telecoms, mining and manufacturing in 2014. Prospects for economic growth are improving as modnew laws take shape. FDI in the mining sector has lagged due to red tape and transparency issues. However, government plans to implement the Extractive Industries Transparency Initiative (EITI), as well as a new mining law due to be passed in March 2014, which means that foreign participation is set to rise steadily. “While the retail and construction sectors expanded with hotels, shopping malls and apartment buildings being erected throughout Yangon, Mandalay and Nay Pyi Taw, more can be expected from agriculture, telecoms, mining and manufacturing in 2014.” Increased natural gas exports from Shwe and Zawtika 2,000km Myanmar-China gas pipeline in October and the blocks will come on-line in early 2014, means that the energy sector will continue to play a key role in driving projected GDP growth for the 2013/14 forecast at 6.8 percent. The road ahead Access to quality health and education remains a major challenge. Notwithstanding, cantly in these sectors since the appointment of President U Thein Sein, though the majority of aid to the population – 70 percent of whom live in rural areas – is still provided by non-governmental organisations. Another issue is the reached 7.33 percent in August due to high prices for food, gas and electricity, according to the Central Statistical Organisation for Myanmar. Although the government has received international recognition for taking measures to enhance transparency, the country still has a long road ahead in rooting out corruption. Ranking 157 out of 177 countries in the Transparency International’s “Corruption Perceptions Index 2013” – an improvement on its 2012 position of 172 – investor with more commitment by the authorities in this area. Looking ahead, the government and the CBM will need to keep a watchful eye on various indicators, and with upcoming state elections nearing, 2014 promises to be a key year. Michael Nesbitt is Editorial Manager at Oxford Business Group. Myanmar Summary tjynfjynfqi&mqufo,a&;atmfy kd f G f a&wmrsm;tm; wif'gac:qd,Nl y;D wif'g k tEdkif&&Sdonfh vkyfief;rsm;tm; aMunm cJjh cif;? a&eHvyuursm;tm; vkyui&ef k f G f f kd f twGuf wif'gac:qdNk yD; wif'gatmifjrif onfh ukrPrsm;tm; xkwjf yefrrsm;rSonf Ü D I ucsifjynfe,fESifh &cdkifjynfe,ftwGif; jzpf ym ;aeonfh Nid r f ; csrf ; a&;twG u f G pdeac:csur sm;tp&Sonftcsur sm;jzifh f f d h f 2013 ckESpfonf jrefrmEdkifiHtwGuf ajymp&mtrsm;tjym;&Sconf/ d Jh EdiijH cm;&if;ES;D jrK§ yErOya'udk jy|mef;cJh k f f HS I Ny;D wpfEptMumwGif w½kwf&if;ESD;jr§KyfESH S f olrsm; &if;ESD;jr§KyfESHrIrsm; usqif;cJhNyD; taemufEiiEifh ta&SUawmiftm&StzGUJ kd f H S 0ifEdkifiHrsm; &if;ESD;jr§KyfESHrIrsm;u ydkrdk wdkY jrefrmEdkifiHwGif;vkyfief;rsm;udk aemufxyfw;kd csUJ vkyuirrsm;jzifh pD;yGm; f kd f I a&;wdk;wufajymif;vJrIwGif t"duus aomu@rS yg0ifvmrnfjzpfNy;D tajccH taqmufttHu@wGif &if;ES;D jrK§ yE&ef k f HS oabmwlncsur sm;? txl;pD;yGm;a&;Zkef D f zGHUNzdK;wdk;wufa&;aqmif&GufrIrsm;? *syef 0efBuD;csKyf &SifZdktmab;u jrefrmEdkifiHrS *syefEiitm; ay;qyf&ef use&aeonfh kd f H f dS tar&duefa':vm 1. bDvD,Htm; 74 y,fzsuay;rIr sm;rSm jrefrmEdiitwGuf f k f H tcGi fh t vrf ; aumif; rsm;yif j zpf o nf / b@ma&;u@tm; ydkrdkvGwfvGwfvyf vyfaqmif&Gufvmapjcif;u EdkifiHjcm; &if;ESD;jr§KyfESHrIt&Sdeft[kefudk ydkrdkjrifhrm; vmapNyD; aemufxyf&if;ESD;jr§KyfESHrIrsm; udkvnf; &&Sdvm&eftwGuf qGJaqmif oGm;EdkifzG,f&Sdonf/ jref rmEd k i f i H a wmf A [d k b Pf t aejzif h ,ckESpfwGif oD;oefY&yfwnfvmEdkifNyD; aiGvv,rpepfopfwpf&yf? tmrcHaps; J S f I uGutm; ydrvwvyfpm aqmif&uvm f k kd G f G G f Edkifapjcif;? EdkifiHwpf0ef;wGif atwDtrf uwfr sm; toHk;jyKvmEdi&ef BuKd ;yrf;rIrsm; k f vnf; &Sconf/ &efuepawmhtycse;f udk d hJ k f d f d vnf; 2015 wGif zGifhvSpfwnfaxmif oGm;&ef arQmfrSef;xm;onf/ b@ma&; onf vsifjrefaomEIef;jzifh ydkrdkwdk;wuf aumif ; rG e f v maomf v nf; ,cif u vkyfief;udpötawmfr sm;rsm;udk aiGom; jzifhom aqmif&GufcJh&NyD; uRrf;usifol rsm;u tqdkygtcsufonf &efukef pawmhtycse;f udk zGivpwnfaxmif&ef d f d hf S f twGuf pdeac:csuwpfcyifjzpfaMumif; f f k ,HMk unfMuonf/ [dw,fEif h c&D;oGm;vm k S a&;0efBuD;Xme 0efBuD; OD;aX;atmifu ZGefvwGif c&D;oGm;vma&;vkyfief;qdkif &m txl;vkyfief;tpDtpOf Tourism Master Plan (TMP) wpf&yfudk xkwf azmfajymMum;cJhNyD; 2012 ckESpfwGif c&D; oGm;rsm; a&muf&SdvmrIrS wpfqifh tar &duefa':vm 534 rDvD,H&&SdcJhonfrS 2020 ckESpfwGif tar&duefa':vm 10.8 bDvD,Htxd &&SdEdkif&ef &nfrSef; xm;onfh c&D;oGm;vkyfief;ydkif;qdkif&m txl;tpDtpOfwpf&yfyifjzpfonf/ tdrNf cH ajrESifh [dw,ftcef;crsm; tvGejf rifrm; k h vmcJovdk &efuewif wpfnwm wnf;cdk h k f G p&dwftwGuf tar&duefa':vm 200 rS 299 a':vmMum; ukefusvmEdkifonf txd aps;EIef;rsm; jrifhwufvmcJhNyD; ,ck pDpOfxm;aom c&D;oGm;vkyfief;ydkif;qdkif &m txl;tpDtpOfu tcef;EIef;xm; rsm;ESifh tcef;&&SdEdkifrItajctaersm; tay: aumif;rGefaom tusKd;ouf a&mufrrsm; &S vm&eftwGuvnf; arQmf I d f rSef;xm;Muonf/
  • REGIONAL BIZ 13 Myanmar Business Today December 26, 2013-January 1, 2014 Kia Says to Produce Record 300,000 Cars in Slovakia in 2013 Robert Muller S outh Korean Kia Motors’ will produce a record 300,000 cars at its plant in Slovakia in 2013 as the factory ran at full capacity for the Myanmar Summary 2013 ckEpwif awmifu&D;,m;EdiirS S f G kd k f H armfawmfum;vkyfief;BuD;jzpfaom Kia Motors qvdkAufuD;,m;puf½HkrS armfawmfum;tpD;a&aygif; 300000 txdudkxkwfvkyfoGm;EdkifcJhNyD;puf½Hktae jzifh 7 ESpftwGif; yxrOD;qHk; tBurf d tjzpf pGrf;aqmif&nfj ynfh0pGmjzifhv k y f rS aqmifvmEdkifcJhaMumif; Kia vGefcJhonfhtywfu ajymMum;cJhonf/ qvd k A uf u D ; ,m;Ed k i f i H a jrmuf y d k i f ; &Sd puf½HkrS armfawmfum;rsm; xkwfvkyfrI taejzif h ,l½ZetzGUJ 0ifEiirsm;twGuf kd k f kd f H tBuD;qHk; armfawmfum;wifydkYolwpfOD; tjzpf &yfwnfvmEdkifNyD; trsm;tm;jzifh Cee’d rdom;pkoHk;um;i,frsm;? Kia Sportage SUV ESifh Kia Venga um;vwfrsm;udk Oa&myESifh ½k&Sm;aps; uGufr sm;twGuf trsm;tm;jzifh xkwf vkyfaMumif; od&onf/ qvdAufu;D ,m;&Sd armfawmfum;puf½kH k onf tv,fOa&myEdiijH zpfonfh qvdk k f AufuD;,m; pD;yGm;a&;twGuf t"du armif;ESiowpfO;D tjzpf&SdaeNy;D Kia f l armfawmfum;wyfqifxwvyrvyief; k f k f I k f rsm;? *smreD Volkswagen ESifh jyifopfEii PSA Peugeot Citroen kd f H wdkYtay:wGif rlwnfaeaMumif;vnf; od&onf/ Kia rS 2006 ckESpfwGif armfawmf um;puf½Hktm; Zilina ü pwifwnf axmifaqmif&GufcJhNyD; 2013 ckESpfwGif armfawmfum;tpD;a&aygif; 290000 txd xkwfvkyfEdkif&ef pDpOfxm;aMumif; Zefe0g&DvwGif Kia rS ajymMum;cJhonf/ Kim Kyung-Hoon/Reuters carmaker said on Wednesday last week. The plant in the northern part of the country is one of the euro zone member's biggest exporters. It mostly produces versions of the Cee’d small family car, the Kia Sportage SUV and Kia Venga mini car designed for European and Russian markets. Slovakia’s automotive industry – which represents a big driver for the central European country’s economy – is based around assembly plants of Kia, Germany's Volkswagen, and French PSA Peugeot Citroen. Kia, which launched its plant in Zilina in 2006, said in January it planned to produce 290,000 cars in Slovakia in 2013, just shy of its better-thanexpected record 292,000 made a year earlier. “Our production has risen continually over the past seven years,” Eek-Hee Lee, president and CEO of Kia Motors Slovakia, said in a statement. “We will continue with this success in the next period.” So far this year, 22 percent of output at the assembly plant was exported to Russia, with Britain as the next biggest foreign market at 13 percent. In July, Kia’s local company chief Lee said the launch of new models had helped the carmaker weather weakening sales in Europe that had hit most other producers. Reuters A man walks past a signboard of Mitsubishi UFJ bank at its branch in Tokyo. Bank of Ayudhya Taiga Uranaka M itsubishi UFJ Financial Group (MUFG) said on Wednesday last week that it has acquired a 72 percent stake in Thailand’s Bank of Ayudhya Pcl for 170.6 billion baht ($5.31 billion) recently. MUFG, Japan’s largest lender November 7 and December 13 Myanmar Summary Mitsubishi UFJ Financial Group (MUFG) onf xdkif;EdkifiHrS Bank of Ayudhya Pcl vkyfief;&S,f,m 72 &mcdkifEIef;tm; xdkif;bwfaiG 170.6 bDvD,H (tar&duefa':vm 5.31 bDv,) jzifh 0,f,caMumif; (MUFG) D H l hJ rS ajymMum;cJhonf/ "eOpömydiqirt& *syefEii tBu;D k f kd f I kd f H to buy up to 75 percent of Bank of Ayudhya for as much as 560 billion yen ($5.44 billion). The deal will mark the biggest acquisition by a Japanese bank in Southeast Asia. MUFG is planning to merge its existing Thai operations with the domestic lender to comply with Thailand’s single presence policy on bank ownership. The acquisition and merger plan had surprised Japanese rivals, given that MUFG already had substan- tial operations with Japanese businesses in the country. MUFG has the biggest overseas operations among Japan’s banks. In 2008, it bought out UnionBanCal Corp, the holding company for California-based UnionBank, and paid $9 billion for a 20 percent stake in Morgan Stanley. In 2010, it acquired a $6.4 bil- qHk;bPfBuD;wpfckjzpfonfh MUFG onf Edk0ifbmv 7 &ufaeYrS 'DZifbmv 13 &ufaeYtwGif; Bank of Ayudhya &S,f,m 75 &mcdkifEIef;udk 0,f,l &eftwGuf ,ef;aiG 560 bDvD,H (tar&duefa':vm 5.44 bDvD,H) jzifh urf;vSr;f cJonf/ ,ckvyief;0,f,l h k f rIoabmwlnDc sufonf ta&SUawmif tm&SwGif *syefbPfwpfckrS tBuD;rm; qHk; vkyfief;0,f,lrIwpfcktjzpfvnf; rSwfausmufwifEdkifrnfjzpfonf/ from Royal Bank of Scotland. Reuters MUFG xdi;f EdiitwGi;f &Sd vkyief;rsm;rS jynfwi;f k k f H f G bPfr sm;ESifhvnf; yl;aygif;vkyfaqmif &eftwGuf jyifqifaeNyD; xdkif;EdkifiH bPfyiqirwif wpfO;D wnf; &yfwnfrI kd f kd f I G ay:vpDukd vduemaqmif&u&eftwGuf k f G f jzpfaMumif; od&onf/
  • REGIONAL BIZ 14 Myanmar Business Today December 26, 2013-January 1, 2014 Yasumasa Hisada A ustralian locations have now all fallen out of the global top 30 most expensive locations in the world for expatriates, the latest Cost of Living survey by ECA International revealed. Sydney and Canberra, both in the top 20 a year ago, now rank 31st and 39th respectively. Melbourne has fallen 22 places to 45th position globally followed by Adelaide (46th), Perth (47th) and Brisbane (54th). Of the Australian locations Darwin has fallen the most places to 55th place down from last year’s 26th spot. “Despite actual prices of goods in ECA International’s shopping basket for Australia rising at a faster rate this year overall, Asian locations including Beijing (15), Shanghai (18), Seoul (21) and Hong Kong (28) are among those that now rank higher up the list of most expensive cities for expats. To ensure that their employees’ spending power is not compromised while on international assignment multinational companies will often include a cost of living allowance in their pay package. Living costs for tion, availability of goods and exchange rates, all of which can signee remuneration packages. when it was the most expensive city in the world for expatriate do so for considerably less than in recent years, despite the country being reversed earlier this year. of ECA’s cost of living basket between Tokyo and Sydney fell from 31 percent to 12 percent over 12 months. After Japan, some of the biggest falls in living costs in Asia have been seen in Indonesia – also partly as a result of a weaker currency. While Jakarta has only fallen three places in the regional ranking to 27th, globally it has dropped 45 spots to 172nd place. Beijing is now Asia’s second most expensive location after Tokyo, up from 5th position last year. Globally, the Chinese capital is the 15th most expensive location for expatriates. Shanghai previously in 25th position is now in the 18th position in the global results, and 4th in Asia. “It’s important to remember Reuters dollar against most major currencies means that Australian locations are becoming cheaper again relative to many other locations around the world,” said Anna Michielsen, general manager, Australia, New Zealand & ECA carries out two Cost of Living surveys per year, comparing a basket of like-for-like consumer goods and services commonly purchased by assignees in 440 locations worldwide. Port Moresby has fallen 12 places in the ranking to 25th globally. Auckland, ranked 52nd, is the most expensive of the New Zealand cities. While Tokyo still tops the list of the most expensive locations in Asia for expatriates, globally it has fallen to 10th place on the back of a weaker Yen – a While Tokyo still tops the list of the most expensive locations in Asia for expatriates, globally it has fallen to 10th place on the that certain living costs, such as accommodation rental, utilities, car purchases and school fees are not included in our cost of living basket,” continued Michielsen. “Because these costs are usually addressed separately by an expatriate’s employer, we collect this data separately. But if we were to include such costs, Hong Kong and Tokyo would be higher in the ranking, while Beijing would be lower due to lower housing costs.” Myanmar Summary ,cktcg MopaMw;vs NrdKUrsm;tae jzifh urÇmhaexdkifrIp&dwf tjrifhrm;qHk; xdyfwef;NrdKUrsm;pm&if; 30 wGif ryg0if awmhaMumif; ECA International rS aemuf qHk; aumuf ,l xk wf jyef cJ h onf h aexdkifrIp&dwfqdkif&mppfwrf;t& od& onf/ Sydney ESifh Canberra wdkYonf vGecJonfwpfEpu urÇmaexdirp&dwf f h S f h k f I tjrifhrm;qHk; xdyfwef;NrdKU 20 wGif ESpNf rdKUvHk;yg0ifcJNh y;D ,cktcg tqifh (31) ESif h (39) ae&mwGif toD;oD;&Sdaeonf/ Melbourne onf ,cifu tqifh (22 rS) ,cktcg tqifh (45) ? Adelaide u tqifh (46) ? Perth u tqifh (47) ESifh Brisbane u tqifh (54) odkY aexdkifrIp&dwfjrifhrm; aom NrdKUrsm;pm&if;wGif tqifhusqif; vmcJhaMumif; od&onf/ MopaMw;vsü ta&mif;t0,fjyKvkyf onfh trSefwu,faps;EIef;rsm;rSm ,ck Prices of some sample items from ECA International’s basket of goods and services commonly purchased by expatriates, in AUD Location Movie Quick Can of Dozen Beer at Bananas Fresh Coffee Petrol ticket lunch soft drink eggs a bar (1kg) milk at bar (1L) (50cl) (1L) Sydney 18.36 31.02 2.65 5.08 8.28 4.41 2.24 4.33 1.66 Tokyo 20.21 16.46 1.75 5.87 10.73 6.11 2.9 5.07 1.88 Beijing 16.82 23.93 1.33 5.5 10.26 3.43 4.61 5.57 1.54 Hong Kong 11.6 20.06 1.34 7.17 10.16 1.78 3.94 5.22 2.47 Singapore 9.53 21.31 1.38 3.94 14.89 1.91 2.95 5.38 2.08 Rio de Janeiro 11.68 25.05 1.2 3.33 5.03 1.78 1.56 2.95 1.51 Manhattan 15.58 29.37 1.85 4.71 9.07 2.24 2.87 4.66 1.26 Central London 21.14 30.53 1.57 6.42 9.41 1.53 1.65 4.62 2.39 Paris 15.7 34.84 1.68 6.18 13.3 3.06 1.95 6.19 2.4 Dubai 10.79 24.59 0.72 4.59 13.79 1.77 1.71 5.3 0.53 Jakarta 5.69 17.15 1.1 3.01 8.05 1.94 2.23 3.32 1.08 Bangkok 6.96 17.16 0.75 3.05 8.37 2.08 1.75 4.26 1.47 Source : ECA International ESpfwpfckvHk;wGif wdk;wufrIEIef; jrefqef aomfvnf; tjcm; t"duaiGaMu;pepf rsm;ESifh vJvS,f&mwGif MopaMw;vs a':vmwefzdk;usqif;rIu MopaMw;vs ae&mrsm;udk urÇmwpf0ef;&Sd tjcm; ae&mrsm;xuf aps;ouf omvmap aMumif; ECA International rS tBuD; tuJjzpfol Anna Michielsen u ajymMum;cJhonf/ tm&SrS ab*sif;u urÇmhaexdkifrI p&dwtjrifrm;qHk; tqifh (15)? &Se[i;f f h f kd rSm tqifh (18)? qdk;vfrSm tqifh (21) ESifh a[mifaumifrm tqifh (28) wdkYjzpf S MuNyD; tqdygNrKd Ursm;taejzifh a&TUajymif; k aexdiorsm;twGuf p&dwtjrifrm;qH;k k f l f h NrdKUrsm;jzpfMuaMumif; od&onf/ ECA rS wpfESpfvQif aexdkifrIp&dwf ppfwrf; 2 ckudk aumufcHNyD; urÇm wpf0ef;&Sd ae&maygif; 440 ck&Sd pm;oHk; olxwueEif h 0efaqmifrrsm;tm;trsm; k f k f S I tm;jzif h 0,f,conftcsur sm;udk Edi;f l hJ h f I ,SOfjcif;jzpfaMumif; od&onf/ Port Moresby onf aexdkifrIp&dwf tjrifhrm;qHk;pm&if;wGif tqifh (25) ü &SdaeNyD; Auckland onf tqifh (52) jzpfum e,l;ZDvef aexdkifrIp&dwf tjrifrm;qH;k NrKd Ursm;tjzpf &yfwnfaeonf/ h wdkusKdonf tm&SwGif aexdkifrIp&dwf tjrifrm;qH;k xdywef;ae&mwpfctjzpf h f k &yfwnfaeqJjzpfaomfvnf; urÇmvHk; qdkif&mt& ,ef;aiGaMu;wefzkd;usqif; rIaMumif h tqifh (10) odkY usqif;cJonf/ h ab*si;f onf ,cktcg wdu sKaemufwif k d G tm&Sü 'kwd,aexdkifrIp&dwftjrifhrm; qH;k ae&mwpf ck t jzpf &yf wnf a eNyD; vGefcJhonfhESpfwGif tqifh (5) wGif &SdcJh aMumif; od&onf/
  • REGIONAL BIZ 15 Myanmar Business Today December 26, 2013-January 1, 2014 India’s in 2014 Clement Tan Myanmar Summary C hinese shares may be poised to become an unlikely star of Asian emerging markets in 2014, outshining India, thanks to cheap valuations and optimism about reforms. Investors have been underweight China for years. China-focused equity funds ber, when the ruling Communist Party announced plans for farreaching economic and social reforms, and analysts said once the government starts following through on those plans it would year to December 11 for Chinafocused equity funds. At 9.3 times forward 12-month earnings, the MSCI China is trading at a chunky discount to its 10-year median and at its widest gap to the MSCI Asia excrisis. And the Chinese market is trading at a 40 percent discount to MSCI India on a forward price-to-earnings basis, according to Thomson Reuters I/B/E/S data. In contrast, benchmark indexes in India have hit record highs and valuations are on par with 10-year averages. Besides looking expensive, Indian shares could also be vulnerable to shocks that could Reuters Foreigners have bought a net $18.8 billion worth of Indian shares this year, according to the market regulator’s data. lished for China, but data from fund tracker EPFR shows a net An investor looks at an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province, China. come from the US Federal Reserve winding down its stimulus, current account problems, and a general election due by May next year. At the very least, investors look unwilling to add more Indian risk and will look to make fresh allocations next year in other markets, with China “Overall, we believe Chinese equities are just too cheap to be ignored by investors in 2014,” said Desmond Tjiang, Greater China and Hong Kong equities portfolio manager at Pinebridge Investments in Hong Kong. “Despite reforms and the broad economic slowdown, there are still a lot of industries such as mass consumption, e-commerce and environmentrelated sectors that should continue to grow exponentially in the coming years.” Beijing last month unveiled a bold reform plan, including pledging to free up markets, in a bid to put the world’s secondlargest economy on a more stable footing. The plan sparked a rally in ChiChinese market in Hong Kong gain more than 10 percent in four Some brokers, such as CLSA, said the rally lacked conviction due to an absence of institutional investors. But while some may still be wary of a market that has been in a funk since 2007, there are signs things could be turning around. In a November 21 report, Goldman Sachs said funds focused on global emerging markets and Asia were underweight China by 290 and 582 basis points respectively, suggesting a return to equal weighting alone would trigger a powerful rally. “India may have more upside potential in the short term because markets may rally into the elections due in May, but China represents better value in the middle term,” said Angelo Corbetta, Pioneer Investments’ London-based head of Asian equities. Reuters 2014 ckESpfwGif tm&S zGHUNzdK;qJaps; uGufrsm;wGif w½kwfEdkifiH &S,f,mrsm; taejzifh ydrwefzkd;wufvmEdiNf y;D tdE, k kd k ´d &S,f,mwefzdk;xufyif jrifhrm;vm EdkifaMumif; od&onf/ vuf&StmPm& uGejf rLepfygwDrS pD;yGm; d a&;ESifh vlrIa&; jyKjyifajymif;vJrItpD tpOftm; jyKvkyfoGm;rnf[k xkwfjyef aMunmcJNh y;D aemuf w½kwEiirS &S,,m f kd f H f wefzdk;rsm;taejzifh Edk0ifbmvwGif aps;EIef;wufvmcJhaMumif; od&onf/ pdppfor sm;u ajymMum;csut& tpdk;& l f taejzif h tqdk ygtpDt pOf r sm ;tm; pwifaqmif&GufcJhrnfqdkvQif tusKd; aus;Zl;rsm; &vmEdkifaMumif; od&onf/ EdkifiHjcm;om;rsm;taejzifh ,ckESpfwGif tar&duefa':vm 18.8 bDvD,Htxd toHk;jyKum tdE,&S,,mrsm;udk 0,f,l ´d f cJaMumif; aps;uGuyi;f Bu;D Muyfxe;f odr;f h f kd d rI tcsuftvufr sm;t& od&onf/ w½kwfEdkifiwGif w&m;0ifpm&if;tif; H tcsutvufr sm;udk xkwjf yefrr&Saomf f I d f vnf; EPFR rS tcsutvufrsm;t& w½kwEii &S,,mrsm;rS tar&duef f kd f H f a':vm 5.5 bDvD,Htxd tom;wif &&ScaMumif; od&onf/ w½kwEiitae d hJ f kd f H jzifh jyKjyifajymif;vJa&;tpDtpOfaMumifh &S,f,mwefzdk;rsm;vnf; wufvmEdkif onfhtaetxm;wGif &Sdaeonf/ tdEd´, EdkifiH&Sd pHtrSwfñTef;udef;rsm;rSm tvGef jrif h rm;onf h taetxm;wGif &S d aeNyD ; &S,f,mwefzdk;rsm;rSmvnf; 10 ESpfwm ysrf;rQwefzkd;om&SdaeaMumif; od&onf/ tdE, &S,,maps;EIe;f rsm;rSm wefzkd; ´d f jrifrm;aomfvnf; US Federal Reserve h rS aiGaMu;vIHUaqmfrItpDtpOfr sm;tm; t&SdefavQmhcsvdkufrI ? vuf&Sd b@ma&; jyóemrsm;ESifh vmrnfhESpf arvwGif jyKvkyfrnfh taxGaxGa&G;aumufyGJwdkY aMumifh rwnfrNidrfjzpfvmEdkifaMumif; od&onf/
  • REGIONAL BIZ 16 Myanmar Business Today December 26, 2013-January 1, 2014 China Needs Western Help for Nuclear Export Ambitions China seen better at building reactors than making profit David Stanway C hina’s investment in Britain’s £16 billion Hinkley foray into Europe’s nuclear power market and a marker of its global ambitions, but its project in a developed country, and Beijing hopes the UK credentials will help promote its two nuclear giants on the global stage. But industry analysts say gaps in the Chinese supply chain, fears of political interference and inexperience in the economics of nuclear power mean alone. “They are very ambitious, but whether they will be welcomed overseas is another question,” said Li Ning, a nuclear power specialist and dean of the School of Energy Research at China’s China’s regulators have long build an entire industrial chain with global reach. After Fukushima, “history has given China an opportunity to overtake the world’s nuclear energy and nuclear technology powers”, Zhang Guobao, Chiand a tireless advocate of nuclear energy, told a September meeting of nuclear scientists, according to state media. China plans to bid for projects in Argentina and Turkey. But its domestic experience won’t necessarily translate well overseas, said Arnaud Lefevre, head of French nuclear consultancy Dynatom International, which has been involved in the nuclear business in China. “All the business of nuclear power plants in China is controlled by state-owned enterprises which are set up to produce power plants, not “They have no clue about international business. They have absolutely no clue how to make profit in nuclear.” Xiamen University. In Britain, for example, political discussions behind closed doors about Chinese nuclear involvement concluded the public would not accept Chinese companies owning majority stakes in new plants and that initial participation should be capped at 49 percent, a source familiar with the discussions said. China’s massive domestic nuclear new-build programme is one of the few bright spots in the global nuclear industry following the 2011 Fukushima disaster, which prompted several countries including Japan, “They have no clue about international business. They have absolutely no clue how to make Li of Xiamen University said any immediate economic rationale for their involvement in Hinkley Point, but they would look at it as a marketing tool. market for China to work in, and it could help in other regions,” he said. French, US partners CNNC and CGN will both be involved in Hinkley Point, but Suzanne Plunkett/Reuters them. China General Nuclear Power Group (CGN) and China National Nuclear Corporation (CNNC) plan to take a combined 30-40 percent stake in a consortium led by French utility EDF to build French-designed EPR reactors in southwest England. China has the world’s largest nuclear building programme at home and hopes to leverage this into a nuclear export industry. While China has already built reactors for its ally Pakistan, Germany, Switzerland, Italy and Belgium to close or phase out their nuclear programmes. After a post-Fukushima suspension lasting a year and a half, Beijing restarted its programme late in 2012 and aims to bring capacity up from 12.57 gigawatts now to 58 GW by the end of 2020. Nearly 30 GW of new capacity is under construction in China, more than 40 percent of the world’s total new-build. An environmental safety monitor carries out contamination checks in the charge hall inside EDF Energy's Hinkley Point B nuclear power station in Bridgwater, southwest England. getting the two sides to collabo- to join forces on a single Chinese reactor design have so far been fruitless. “The government intentionally put them in competition for markets, so obviously there will be a certain amount of hostility between the two sides,” said Li, adding that on international markets this might put China at a disadvantage. CGN is the longtime partner of EDF, which is helping it build two Areva-designed EPR reactors in southern China, and specialists were surprised to see CNNC pop up as a partner in Hinkley Point. CNNC has teamed up with USbased Westinghouse, owned by Japan’s Toshiba, which will see tor model go into operation in China next year. Even if they succeed in winning bids for new reactors, secure supplies of nuclear fuel. While CNNC has its own supplies and processing capacity, CGN will still have to collaborate with the French. “Everybody sells nuclear power plants with 20 years of fuel included in the contract,” said Lefevre. “CGN cannot do this.” Li said all this meant that China was unlikely to risk going it alone in the foreseeable future. “You may vie for the leader- ship of a consortium, but in the end, to get it completed, you need the supply chain of a global consortium,” he said. Reuters Myanmar Summary w½kwfEdkifiH pwmvifaygif 16 bDvD,Hwefzdk;&Sdonfh NAdwdef&Sd Hinkley Point pDrHudef;onf Oa&myEsL;uvD; ,m;pGrf;tm;aps;uGufwGif yxrOD;qHk; vkyfief;rsm;taejzifh EdkifiHjcm;tusKd;wl vkyief;rsm;ESifh yl;aygif;í EsL;uvD;,m; f pGr;f tm;vkyief;tm; ydrcsUJ xGiaqmif&uf f k kd f G oGm;zG,fvnf;&Sdonf/ China General Nuclear Power Group (CGN) ESifh China National Nuclear Corporation (CNNC) vkyfief; 2 ck wdkYrS French utility EDF OD;aqmifaom tiftm;pk BuD;wGif tpk&S,f,m 30 &mcdkifEIef;rS 40 &mcdkifEIef;txd 0,f,lEdkif&ef pDpOf xm;Ny;D t*Fveftaemufawmifyi;f wGif kd jyifopfrS 'DZdkif;a&;qGJxm;onfh EPR EsL;uvD;,m;"mwfaygif;zdkrsm;udk wnf aqmuf&eftwGujf zpfaMumif; od&onf/ w½kwEiitaejzif h jynfwi;f ü urÇmh f kd f H G tBuD;qHk; EsL;uvD;,m;pGrf;tifwnf aqmufrItpDtpOf&SdaeNyD; xdkrSwpfqifh EsL;uvD;,m;pGr;f tifyuevyief;tjzpf Ykd k f k f a&muf&SdvmEdkif&efvnf; arQmfvifhxm; onf/ w½kwfEdkifiHonf ygupöwefwGif EsL;uvD;,m;"mwfaygif;zdkrsm;udk wnf aqmufcJhNyD;jzpfum Hinkley Point pDrHudef;onf zGUH NzdK;NyD;EdkifiHwpfckwGif vnf;jzpfaMumif; od&onf/ w½kwfEdkifiHtaejzifh ,lau pGrf; vkyfief;BuD;rsm;udk ydkrdkjr§ifhwifay;Edkif&ef vnf; arQmfrSef;xm;onf/ odkYaomfvnf; EsL;uvD;,m;pGr;f tifyi;f qdi&m avhvm kd k f pdppforsm; ajymMum;csut& w½kwf l f EdkifiH a&mif;vdktm;vkyfief;pOf? EdkifiH a&;ydi;f wGif 0ifa&mufpuzufrtwGuf k G f I pdk;&drfaMumifhMurIr sm;ESifh EsL;uvD;,m; pGrf;tifpD;yGm;a&;u@ü tawGUtBuHK vdktyfrIwdkYu vkyfief;rsm;tm; oD;oefY &yfwnfvyuiaqmif&ucJvQif ½ke;f uef k f kd f G f h oGm;&rnf[k od&onf/ w½kwfvkyfief;rsm;taejzifh &nfrSef; csufBuD;rm;NyD; EdkifiHjcm;vkyfief;rsm;rS yl;aygif;vkyfaqmifcJhrnfqdkv Qif tajc taewpfr sKd;jzpfoGm;EdkifaMumif; w½kwf Edii Xiamen wuúovrS EsL;uvD; k f H kd f ,m;pGr;f tifuRr;f usiynm&SiEifh pGr;f tif f f S okawoeqdkif&m r[mXmerSL;jzpfonfh Li Ning u ajymMum;cJhonf/ NAwewif w½kwEii EsL;uvD;,m; d d f G f kd f H pGrf;tifu@ü yg0ifvmrIESifhqufpyfí Ed k i f i H a &;yd k i f ; qd k i f &m aqG; aEG; rI r sm;udk rnforQ od&SEiMf urnfr[kwbJ trsm; l d kd f jynfolrsm;rS w½kwfukrÜPDrsm; vkyfief; topfr sm;wGif &S,f,mtrsm;pkydkifqdkifrI udk vufcHom;Edkifjcif;r&Sdonfhtcsuf G vnf; jzpfvmEdkifonf[k od&onf/ 2011 wGif zlul&SD;rm;EsL;uvD;,m; vkyfief;ab;tEÅ&m,fusa&mufrItNyD; wGif w½kwfEdkifiH jynfwGif;EsL;uvD; ,m;pGrf;tifopfrsm; wnfaqmufrItpD tpOfrsm;onf urÇmwpf0ef;wGif xif&m; S vmaom pGrf;tiftpDtpOfr sm;jzpfvm NyD; *syef? *smreD ? qGpfZmvef? tDwvDESifh b,fvf* sD,HEdkifiHr sm;rSmvnf; zlul&SD;rm; EsL;uvD;,m;ab;tEÅ&m,fjzpfay:cJhrI vky&eftwGuztm;wpfcjk zpfvmcJonf/ f f d h
  • REGIONAL BIZ 17 Myanmar Business Today December 26, 2013-January 1, 2014 India Cbank Surprises by Keeping Interest Rates on Hold Suvashree Dey Choudhury T he Reserve Bank of India (RBI) unexpectedly kept the country’s policy interest rate on hold on Wednesday last week, despite calling curthe prospect of easing retail prices and its concerns about the weak domestic economy. The RBI had been widely expected to raise the repo rate, after lifting the country’s main lending rate by 25 basis points each at its previous reviews in September and October. It instead opted to keep the coun- try’s main lending rate at 7.75 percent. Benchmark 10-year bond yield dropped 12 basis points to 8.78 percent from levels before the decision, while the NSE share index gained more than 1 percent. The Indian rupee strengthened. However, the central bank warned it would remain vigilant be ready to act even in between policy reviews should headline expected, albeit noting it would do so in a “calibrated” manner. The RBI added it would also gauge the impact from any decision by the US Federal Reserve to start withdrawing its monetary stimulus. The US central bank concludes its policy meeting later in the day. “The policy decision is a close monetary policy works, there is merit in waiting for more data to reduce uncertainty.” The most recent data showed consumer prices posted their biggest annual rise on record in November – 11.24 percent – high,” said the RBI in its policy statement. “However, given the wide bands of uncertainty surroundtion from its high current levels, and given the weak state of the economy, the inadvisability of overly reactive policy action, as well as the long lags with which 14-month high last month. driven by higher vegetable prices that hurt the country’s poor the most, and are thus posing another headache to the embattled Congress party, which is facing general elections due by May, and was drubbed in recent state polls. Still, analysts have said the surge in prices of vegetables such as onions are largely impacted by India’s lack of reliable ways to transport the produce and by traders suspected of hoarding supplies to raise prices, limiting the impact of monetary policy. For businesses and investors in Asia’s third-largest economy, the priority had been a recovery in growth, which would help India again attract investment Reuters cit that surged to a record high A man makes a phone call while standing near a Reserve Bank of India RBI crest at the RBI headquarters in Mumbai, India. Wholesalers have also been saying vegetable prices have eased this month, providing tion, though analysts warned prices could again spike. “I think it is just postponement of action, because the policy clearly says they (the RBI) may take action any time, even in the interim between two policies, if the situation warrants,” said Rupa Rege Nitsure, chief economist of Bank of Baroda in Mumbai. Reuters Myanmar Summary vuf&Sd aiGaMu;azmif;yGrIEIef;jrifhrm;NyD; jynfwGif;pD;yGm;a&;tm;enf;csuftay: pdk;&drrr sm; &Saeaomfvnf; vufvaps; f I d D EIe;f avQmcsrrsm;tm; avQmcs&ef arQmre;f h I h f S csufaMumifh Reserve Bank of India (RBI) rS EdkifiH ay:vpDtwdk;EIef; xm;tm; rarQmfvifhbJ qufvuf xdef;odrf;xm;aMumif; od&onf/ RBI rS repo EIef;xm;tm; jr§ifhwif &eftwGuf arQmfrSef;xm;cJhNyD; EdkifiH t"d u aiG a cs;EI e f ; xm;tm; puf w if bmvESifh atmufwbmvrsm;wGivnf; kd f 25 basis points jr§ifhwifcJhonf/ RBI rS EdkifiH t"duaiGacs;EIef;xm;tm; 7.75 &mcdiEe;f wGif xm;&dxm;aMumif; k f I S od&onf/ qHk;jzwfcsufrcsrSwf&ao;cif wGif pHtrSwf 10 ESpf oufwrf;acs;aiG pmcsKyrsm;rSm 12 basis points usqif; f cJhNyD; 8.78 &mcdkifEIef;jzpfaMumif; od& onf/ N S E &S ,f ,m ñ Tef ; ud e f; rsm ; rSm 1 &mcdkifEIef;ausmf wufvmNyD; tdEd´, ½lyD;aiGaMu;rSm wefzdk;rmvmcJhaMumif; od&onf/ odkYaomfvnf; A[dkbPfrS aiGaMu;azmif;yGrItm; owd0D&d,jzifh apmifhMunfh&rnfjzpfaMumif;? aiGaMu; azmif;yGrIA[dktcsufrSm arQmfrSef;xm; oavmuf usqif;vmvdrfhrnfr[kwf aMumif; owday;cJhonf/ US Federal I Reserve rS aiGaMu;vIUH aqmfrtpDtpOf rsm;udk avQmhcs&ef qHk;jzwfcsufaMumifh ouf a &muf r I r sm;udk vnf; wdkif; wm wGufcsufoGm;&zG,f&SdaMumif; RBI rS xyfavmif;ajymMum;cJhonf/ ,ck v uf &Sd aiG a Mu;azmif ; yG r I E I e f ; jrifhrm;rIaMumifh raocsmra&&mrIrsm; &SdaeNyD; pD;yGm;a&;rSmvnf; tiftm; raumif;rGeonfh taetxm;jzpfaeovdk f ay:vpDusio;Hk rIrmvnf; roifavsmbJ hf S h f tqdkyg ay:vpDtm; usifhoHk;rIaMumifh aESmifhaES;rIrsm;vnf; &SdaeaMumif; od& onf/
  • INTERNATIONAL BIZ 18 Myanmar Business Today December 26, 2013-January 1, 2014 Uruguay Becomes First Country to use of marijuana. Uruguay’s leftist president, Jose Mujica, defends his initiative as a bid to regulate and tax a market that already exists but is run by criminals. “We’ve given this market as a that is more destructive socially than the drug itself, because it rots the whole of society,” the 78-year-old former guer- Andres Stapff/Reuters agency Telam. Uruguay is one of the safest Latin American countries with little of the drug violence or other violence seen in countries such as Colombia and Mexico. Yet one-third of Uruguay’s prison inmates are serving time on charges related to narcot- People participate in the so-called "Last demonstration with illegal marijuana" on their way to the Congress building in Montevideo. Malena Castaldi and Felipe Llambias U ruguay became the the growing, sale and smoking of marijuana recently, a pioneering social experiment that will be closely watched by other nations debating drug liberalisation. A government-sponsored bill approved by 16-13 votes in the Senate provides for regulation of the cultivation, distribution and consumption of marijuana and is aimed at wresting the business from criminals in the small South American nation. Backers of the law, some smoking joints, gathered near Congress holding green balage to Bob Marley and a sign saying: “Cultivating freedom, Uruguay grows.” Cannabis consumers will be able to buy a maximum of 40 grams (1.4 ounces) each month from licensed pharmacies as long as they are Uruguayan residents over the age of 18 and registered on a government database that will monitor their monthly purchases. When the law is implemented in 120 days, Uruguayans will be able to grow six marijuana plants in their homes a year, or as much as 480 grams (about 17 ounces), and form smoking clubs of 15 to 45 members that can grow up to 99 plants per year. Registered drug users should be able to start buying marijuana over the counter from licensed pharmacies in April. “We begin a new experience in April. It involves a big cultural change that focuses on public lansky, told Reuters. Uruguay’s attempt to quell lowed closely in Latin America where the legalisation of some narcotics is being increasingly seen by regional leaders as a possible way to end the violence spawned by the cocaine trade. Rich countries debating legalisation of pot are also watching the bill, which philanthropist George Soros has supported as an “experiment” that could provide an alternative to the failed US-led policies of the long “war on drugs.” The bill gives authorities 120 days to set up a drug control board that will regulate cultivamonitor consumption. The use of marijuana is legal in Uruguay, a country of 3.3 million that is one of the most liberal in Latin America, but cultivation and sale of the drug are not. Other countries have decriminalised marijuana possession and the Netherlands allows its legalise the whole chain from growing the plant to buying and selling its leaves. Several countries such as Canada, the Netherlands and Israel have legal programs for growing medical cannabis but do not allow cultivation of marijuana for recreational use. Last year, the US states of Colorado and Washington passed ballot initiatives that legalise and regulate the recreational “We’ve given this market as a gift to the drug traffickers and that is more destructive socially than the drug itself, because it rots the whole of society.” Uruguay into a transit route for Paraguayan marijuana and Bolivian cocaine. If it works, the legislation is expected to fuel momentum for wider legalisation of marijuana elsewhere, including the United States and in Europe. Decriminalisation of all drug possession by Portugal in 2001 is held up as a success for reducing drug violence while not increasing drug use. “This development in Urusaid Ethan Nadelmann, founder of the Drug Policy Alliance, a leading sponsor of drug policy reform partially funded by Soros through his Open Society Foundation. “Uruguay is presenting an innovative model for cannabis that will better protect public health and public safety than does the prohibitionist approach,” Nadelmann said. Reuters Myanmar Summary O½ka*G;EdkifiHonf yxrOD;qHk; aq; ajcmuf w &m;0if a &mif ; 0,f t oH k ; jyK Edkifonfh EdkifiHwpfckjzpfvmcJhNyD; tjcm; EdkifiHr sm;taejzifhvnf; rl;,pfaq;0g; rsm;tm; avQmhayghay;rIESifhywfoufí aqG;aEG;rIr sm; jyKvkyfum teD;uyfapmifh MunfhaeMuaMumif;vnf; od&onf/ aq;ajcmufudpö&yftm; qD;edwfwGif tqdwifoi;f cJNh y;D rJta&twGuf 16 rJk G 13 rJjzifh aq;ajcmufrsm;tm; pdkufysKd; cGifh? jzefYjzL;cGifhESifh oHk;pGJcGifhwdkYtm; w&m; 0ifjyKvkyfEdkif&ef twnfjyKay;cJhaMumif; od&onf/ aq;ajcmufoHk ; pGJ olrsm;taejzif h vdkifpifxkwfay;xm;onfh aq;qdkifrsm; rS vpOfvwdkif; trsm;qHk; aq;ajcmuf 40 *&rf (1. atmifp)txd 0,f,l 4 oGm;EdkifrnfjzpfNyD; oHk;pGJolr sm;taejzifh touf 18 ESpfausmfvGef&rnfjzpfNyD; tpdk;&rS BuD;Muyfppfaq;onfh vpOf 0,f,lrIqdkif&m tcsuftvufpm&if; wGivnf; rSwywifxm;&rnfjzpfaMumif; f f kH od&onf/ tqdkygOya'tm; &ufaygif; 120 twGi;f taumiftxnfazmfaqmif&uf G onfhtcsdefwGif O½ka*G;EdkifiHom;rsm; aq;ajcmufyif 6 yiftxdvnf; pduysK;d k f oGm;EdkifrnfjzpfNyD; trsm;qHk; 480 *&rf (17 atmifp) jzpfaMumif; od&onf/ w&m;0ifrSwfyHkwifxm;aom rl;,pf aq;oHk;pGJolr sm;taejzifh vdkifpif&aq; qd k i f r sm; aumif wmrsm;rS wpf qif h aq;ajcmufr sm;tm; {NyDvwGif pwif 0,f,loGm;Edkifrnf[kvnf; od&onf/ {NyvwGif rdrwtaejzif h tawGUtBuHK D d Ykd opfwpf&yfudk pwifNyDjzpfum? ,if; tawGUtBuHKopfwGif trsm;jynfol usef ; rma&; tcsuf t csmusaom ,Ofaus;rIBuD;wpf&yfajymif;vJrIvnf; yg0ifovdk rl;,pfaq;arSmifcdkwifoGif; rI ukdvnf ; wG e f ; vS e f v d k u f j cif ; yif j zpf aMumif; Oya'jyKtxufvwawmftrwf T f Lucía Topolansky u ½duwmowif; k f XmeodkY ajymMum;cJhonf/ O½ka*G;EdkifiH rl;,pfaq;0g;arSmifcdkwifoGif;rIrsm;udk NzKd ci;f &eftwGuf BuKd ;yrf;rIonf vufwif G tar&duwGivnf; tvm;wle;D yg;aqmif f &Gu&efjzpfvmcJNhy;D a'oqdi&macgif;aqmif f kf rsm;taejzif h tcsKd U rl ; ,pf a q;0g;rsm; tay: avQmhayghay;jcif;tm;jzifh udkuif; a&mif;0,fraMumifjh zpfay:onfh tMurf; I zuf r I r sm ;tm; tqH k ; owf & ef t wG u f jzpfEdkifajc&Sdonfh enf;vrf;wpfcktjzpf ½IjrifvmMuaMumif; od&onf/ csrf;om<u,f0aomEdkifiHrsm;taejzifh vnf; aq;ajcmuftm; avQmhayghay;rI ESifh ywfoufí aqG;aEG;rIr sm; jyKvkyfae Muovdk rlMurf;udkvnf; apmifhMunfhae MuaMumif; od&onf/rlMurf;t& tmPm ydkifrsm;taejzifh &ufaygif; 120 twGif; rl;,pfaq;0g;xdef;csKyfrIqdkif&m bkwftzGJUtpnf;udk wnfaxmifoGm;& rnfjzpfNy;D ,if;bkwtzGUJ tpnf;taejzifh f pdkuy sKd;rI? aps;EIef;owfrSwfrIESifh oHk;pGJrI f BuD;Muyfjcif;rsm;qdkif&mudpö&yfrsm;wGif xde;f odr;f aqmif&uom;&rnfjzpfaMumif; G f G od&onf/ aq;ajcmuf t oH k ; jyKrI onf O½k a*G; EdkifiHwGif w&m;0ifudpö&yfwpfckjzpfNyD; rl;,pfaq;0g;rsm;tm; pdkufy sKd;jcif;ESifh a&mif;csjcif;rsm;onf w&m;0ifr[kwf aMumif;vnf; od&onf/uae'g? e,fom vefESifh tpöa&;EdkifiHrsm;taejzifh aq; zuf0if aq;ajcmufyifrsm;tm; pdkufy sKd; &ef t wGuf w&m;0if t pD t pOf r sm;&Sd aomfvnf; tyef;ajzp&mwpfcktwGuf aq;ajcmuftm; pdkufy sKd;xkwfvkyfum toHk;jyKrtm; cGirjyKaMumif;vnf; od& I hf onf/
  • INTERNATIONAL BIZ 19 Myanmar Business Today December 26, 2013-January 1, 2014 Australia Govt Staring At Debt ‘Mountain’ as Economy Slows Budget deficit blows out to A$47b for 2013/14; Revenues drained by sluggish growth, fading mining boom Wayne Cole and Lincoln Feast J ust three months in power, Australia’s Liberal National government has abandoned all thought of returning to a budget surplus and decade without spending cuts, heralding sober times ahead for the resource-rich country. As subpar economic growth and a cooling mining boom carve a hole in government warned that Australia had to economic mountain”. “Returning the budget to sustainable surpluses will not be achieved by piecemeal savings here and there. It will require a sustained and fundamental structural overhaul of expenditure,” said Hockey as he announced the country’s third- Myanmar Summary MopaMw;vs vpfb&,ftpd;k &tae jzifh tmPm&&SdNyD; oHk;vwmtwGif; bwf* sufydkaiGjyrItajctae jyefvnf &&S&ef xifjrifrr sm;tm;vHk;udk pGevwcJh d I fY T f Ny;D toH;k p&dwavQmc sjzwfawmufrr sm; f h I rjyKvQif vmrnfhq,fpEpwif bwf*suf k S f G vdaiGjyrIrsm; BuHKawGUEdiaMumif; cefre;f k k f Y S xm;NyD; MopaMw;vs tem*wftajc taetm; oHk ; oyf c Jh onf / pD; yGm;a&; wd;k wufrEe;f aES;auG;jcif;ESifh owåKwi;f I I G vkyfief;zGHUNzdK;wdk;wufrIr sm;vnf; tajc taeraumif;rGeonftwGuf tpd;k & f h b@ma&;tm; xd c d k u f a prnf jzpf NyD; b@ma&;rSL; Joe Hockey u MopaMw;vstaejzifh b@ma&;ESifh pD;yGm;a&; pdefac:csufr sm;rSm BuD;rm; onfhtwGuf ausmfjzwf&ef tm;xkwf& rnfjzpfaMumif; owday;ajymMum;cJonf/ h a&&SnfcdkifrmwnfwHhaom bwf* suf ydkaiGjyrIrsm; jyefvnf&&Sdvm&eftwGuf tao;pm; xde f; od r f ; jyK jyif rI rsm; jzif h atmifjrifvrrnfr[kwaMumif;? tvH;k pHk d fh f aom toHk;p&dwftm; a&&SnfwnfwH cdkifrmNyD; tajccHusaom zGJUpnf;rIudk vdktyfaMumif; Hockey u MopaMw;vs wwd,tBuD;rm;qH;k vdaiGjyrIrwwrf; k S f tajctaeudk xkwfjyefaMunm&mwGif ajymMum;cJonf/ h years. The Reserve Bank of Australia has done what it can to support growth by cutting interest rates to a historic low of 2.5 percent, but has appeared reluctant to ease any further for fear of stoking a speculative bubble in house prices. Some of the deterioration in the budget bottom line is due to steps taken by the new government, in particular a plan to gift A$8.8 billion to the RBA to help rebuild its reserves. It has also scrapped revenueraising plans including fringe high pension incomes. Reuters David Gray/Reuters The Coalition government now expects a shortfall of A$47 billion ($42 billion) for the year through June 2014, up from a previous forecast of A$30.1 billion made only four months ago. The gap would narrow only slowly to A33.89 billion in 2014/15, A$24 billion the year after and still be at A$17.7 billion in 2016/17. “It highlights the scale of the funding challenge ahead,” said Su-Lin Ong, a senior economist at RBC Capital Markets. “It’s not a debt path you would want to remain on, so there’s going to have to be a tough conversation on what amount of austerity lies ahead.” The scope for drastic spending cuts or tax increases is limited by the sluggish economy, which grew 2.3 percent in the year to September. Hockey forecast growth of 2.5 percent in both 2013/14 and 2014/15, short of the 3.253.5 percent pace considered “normal” in a country that has A mine worker lays out safety cones in front of giant mining trucks at the Fortescue Solomon iron ore mine located in the Sheila Valley, around 400 km (249 miles) south of Port Hedland, in the Pilbara region of Western Australia. Glaxosmithkline to Stop Paying Doctors to Promote Drugs Ending sales reps’ targets globally following US move; Comes amid criticism of aggressive industry sales tactics Ben Hirschler G laxoSmithKline will stop paying doctors to promote its products at events and remove individual sales targets for its marketing dustry looking to recover from scandals over improper sales practices. It also said last week it would stop payments to healthcare professionals for attending medical conferences. The initiative represents a bid by Britain’s biggest drugmaker to get ahead of its critics by of interest that could put commercial interests ahead of the best outcome for patients. It comes amid a major bribery investigation in China, where police have accused GlaxoSmithKline (GSK) of funnelling up to 3 billion yuan ($494 million) to travel agencies to facilitate bribes to boost its drug sales. However, the company said the measures were not directly related to its Chinese problems and were rather part of a broad Reuters The entire drugs industry has marketing tactics in recent years and the GSK action is likely to put pressure on other companies to consider similar steps. In the United States, the industry’s biggest market by far, many companies have run sales tactics and GSK reached a record $3-billion settlement with the US government last year over charges that it provided misleading information on certain drugs. have taken some steps to clean up their marketing practices. AstraZeneca said in 2011 it was scrapping payments for doctors to attend international congresses but others, until now, have not followed suit and GSK’s actions go further. “We recognise that we have an important role to play in providing doctors with inforContd. P 20... Myanmar Summary GlaxoSmithKline wdkY xkwfukefrsm;tm; a&mif;tm; jr§if h wif & ef t wGuf q&m0ef r sm;tm; aiGaMu;ay;aqmif&rIrsm;udk &yfqi;f oGm; kd zG,f&SdaMumif; ajymMum;cJhonf/ xdkYjyif usef;rma&;apmifha&SmufrIu@rS uRrf; usifolr sm;tm; aq;0g;qdkif&m aqG;aEG; yGJrsm;odkY wufa&muf&onfhtwGuf ay; aqmif&rIrsm;udkvnf; &yfqdkif;oGm;&ef pDpOfxm;aMumif; od&onf/ tqdkygvkyfaqmifrIr sm;onf urÇmh aq;0g;vkyfief;wGif yxrOD;qHk;jzpfNyD; NAdwdeftajcpdkufaq;0g;xkwfvkyfonfh vkyief;BuD;jzpfonfh GlaxoSmithKline f taejzif h tusifysujf cpm;rIEif h ywfouf h S onfh a0zefrrsm;rjzpfay:vm&eftwGuf I aqmif&Gufjcif;jzpfNyD; ,ckESpftwGif; w½kwEiiü tusiysujf cpm;rIraumif; f kd f H hf owif;wGif yg0ifywfoufcJh&NyD;aemuf ,ckuJhodkY aqmif&Gufvmjcif;jzpfonf/ Contd. P 20...
  • INVESTMENT & FINANCE 20 Myanmar Business Today December 26, 2013-January 1, 2014 David Mayes T his is not the most exciting topic in the world but if you get it wrong when it comes to liquidity you can really like to make sure you understated liquidity and the actual liquidity of a fund’s underlying they would actually get, since their own selling pressure would cause the market to move against them. Generally slippage is relatively small even for a large fund if the markets are very liquid. Mark-to-model on the other hand, requires a much more complicated estimation of the net asset value, or what the shares of the fund are actually worth. Property funds tend to be mark-to-model out of necessity, since there is no exchange for buying and selling properties. In practice the models can be somewhat misleading someof interest involved. Obviously, the more favourable the model used, the better the returns look and the easier it is to market the From page 19... mation about our medicines, but this must be done clearly, transparently and without any est,” Chief Executive Andrew Witty said in a statement. The decision to stop payments to doctors for speaking about medicines during meetings with other prescribers marks a big shift for a global industry that has always relied heavily on the ing products. GSK said it aimed to implement this move and a related erty funds recently, there has been a small backlash against mark-to-model funds in the international advice industry. Many advisors are selling out of them en masse and this actually makes the problem worse, as some funds end up suspended out of nothing other than fear. My advice is to simply manage the liquidity based on the underlying holdings as opposed to avoiding mark-to-model funds altogether, since they can provide a much needed correlation to traditional asset classes. In recent times where when things go bad, traditional asset classes have become more and more correlated and this is a to deal with. Simply make sure the vast bulk of your portfolio is in funds which trade in liquid underlying assets. I would keep it to a maximum of 20 percent of your portfolio. This way, if all of the mark-to-model funds you hold get tied up simultaneously, you ought to have no reason to worry about having liquidity troubles. David Mayes MBA provides wealth management services to expatriates throughout Southeast Asia, focusing on UK pension transfers. He can be reached at david.m@ Faramond UK is regulated by the FCA and provides advice on taxation and pensions. measure to end paying for doctors to attend medical conferences by the start of 2016. The change in payments to its sales representatives will be implemented faster, following a successful test-run in the United States, where payments have been decoupled from the number of prescriptions generated since 2011. The policy of ending individual sales targets will now be rolled out globally. GSK said it planned to implement the new compensation system in all countries by early 2015. GSK will still pay fees to Neil Hall/Reuters lies in the valuation method used. Many funds trade exclusively in liquid securities such as shares on a major stock exchange, or futures contracts. When things don’t go so well, and investors start to want to redeem some or all of their investments, it is quite easy for these funds to go dump their holdings on the open market to raise the cash required to meet such redemptions. Generally the funds which trade in very liquid securities have a “mark to market” valuation method. This is easy to do because of the large number of transactions, and thus the last sale is generally a good proxy of the price the fund could achieve if it needed to liquidate its holdings. Slippage is the technical fund. This is where you can get caught in a trap if you aren’t careful. Most mark-to-model funds promise unrealistic liquidity terms. They may trade monthly and if all is going well you can redeem and be paid out in a month. However, and this a big however, if it all goes wrong it can very quickly turn into a situation where you wait years for your money back. As there have been several Property funds tend to be mark to model out of necessity, since there is no exchange for buying and selling properties. Myanmar Summary aiGay:vG,frIqdkonfrm pdwf0ifpm; S zG,faumif;aom taMumif;t&mwpfck r[kwfaomfvnf; tqdkygtcsuftm; &if;ES;D jrK§ yEorsm;taejzif h aumif;rGepm f HS l f G od&rxm;vQif qH;k ½HI;epfemrIrsm; BuHKawGU dS &rnfyifjzpfonf/ &if;ES;D jrK§ yEorsm;tae f HS l jzifh od&em;vnfoabmaygufxm;&rnfh dS ta&;ygaomtcsufrm "eOpömrsm; S owfrwazmfjyxm;onfh aiGay:vG,frI S f ESifh trSefwu,faiGay:vG,frI tajc taeuGmjcm;csufyifjzpfNyD; BuD;rm;aom uGjJ ym;csuonf a,bk,stm;jzifh wefz;dk f jzwfrenf;vrf;ay:wGif rlwnfaeonf/ I pawmhtdyfcsdef;wpfck&Sd &S,f,mrsm;uJh odkY aiGay:vG,faom tpk&S,f,mrsm; odkYr [kwf tem*wfvky fi ef;oabmwl pmcsKyfrsm;tm; oD;oefueo,rI jyKvyf Y k f G f k Muonf/vkyief;tajctaersm; raumif; f onftcsewif &if;ES;D jrK§ yEor sm;taejzifh h d f G f HS l tm;vHk;udk tzwfq,fvvmMuNy;D rdrwYkd kd d vuf0,f&Sd &S,,mydiqirrsm;tm; aps; f k f kd f I uGufzGifhum jyefvnftzwfq,fEdkif&ef twGuf vdtyfaom &efyaiGjriwifrukd k kH § hf I doctors carrying out companysponsored clinical research, advisory activities and market research, which it said were essential in providing insights on Reuters From page 19... aq;0g;vkyief;rsm;taejzifh rMumao;rD f ESprsm;twGif; tvGefvIyf&Sm;wuf<u f aom aps;uGufydkif;qdkif&m enf;AsL[m rsm;aMumifh tar&duefwif tygt0if G ukrÜPDtrsm;tjym;taejzifh a0zef jypfwifrIrsm;ESifh awGUBuHKcJh&NyD;aemuf aq;0g;rsm;tm; a&mif;cs&mwGif csOf; uyftoHk;jyKaom enf;pepfr sm;aMumifh jyKvkyf&eftwGuf vG,fulavh&Sdonf/ a,bk , stm;jzifh aiG a y:vG ,faom tpk&S,f,mrsm;tm; ukefoG,frIjyKvkyf jcif;rsm;twGuf “Mark to Market” wefzdk;jzwfonfh enf;pepf&Sdonf/ xdkodkY vG,fuljcif;rSm ta&mif;t0,fvkyfief; udprm Bu;D rm;onftwGujf zpfNy;D aemuf ö S h qHk;a&mif;csrIr sm;onf aps;EIef;rsm; udk,fpm;vS,fwpfckoabmyifjzpfonf/ arQmfrSef;xm;onfxuf avsmhusjcif;[k a,bk,sac:qdkEdkifrnfh Slippage qdk onfh a0g[m&onf trSefwu,f&&Sd onfh tajctae uGmjcm;csufyif jzpfonf/ &if;ESD;jr§KyfESHolrsm; a&mif;csrIzdtm; qefusionfh tajymif;tvJukd jzpfay: Y f aponf/ a,bk,stm;jzifh aps;uGursm; f taejzifh aiGtvG,fwulpD;qif;EdkifcJh rnfqkvQif aiGaMu;yrmPrsm;jym;aomf d vnf; Slippage onf oufa&muf rIenf;yg;vdrfhrnfjzpfonf/ “Mark to Model” onf ydkrdk½IyfaxG;aom &S,f ,mwefzk;d cefre;f wGucsurrsm;yg0ifjcif; Y S f f I odkYr[kwf &S,f,mrsm; trSefwu,f wefzdk;yg0ifonf/ tdrfNcHajrvkyfief;ydkif; a':vmbDvD,HESifhcsDí 'PfaMu;ay; aqmif&rIr sm;udkvnf; jyKvkyfcJh&onf/ uGufydkif;qdkif&m aqmif&GufrIrsm;udk ydkrdk oefY&Sif;vm&eftwGuf BudK;yrf;vmcJhMu onf/ rdrdwdkYtaejzifh q&m0efr sm;tm; rdrdwdkY aq;0g;ESifhywfoufí owif; tcsuftvufESifhtwl axmufyHhay;rI rsm;onf vGefpGmrS ta&;ygaom tcef; u@wpf&yfjzpfonfudk od&Sdaomfvnf; tqdkygtcsuftm; &Sif;vif;NyD; yGifhvif; jrifomrI&SdpGm aqmif&GufoGm;&rnfjzpf um jyóemwpfpwpf&m rjzpfym;atmif kH G aqmif&GufoGm;&rnf[k trIaqmifcsKyf jzpfol Andrew Witty u ajymMum; qdi&mwGif ta&mif;t0,fjyKvyí &efykH k f k f aiGjrifhwifrIrsm;taejzifh ydkrdkowdxm; § &rnfjzpfNyD; tdrfNcHajr0,f,la&mif;csrI rsm;twGuf pawmhtdyfcsef;vnf; r&Sd d ovdk wefzdk;EIef;xm;rSmvnf; aps;EIef; tcsuf t vuf t wd t usajymEd k i f & ef cufcJonf/ vufawGUwGif,ckenf;rsm;tae jzifh twd k ; EI e f ; r sm;yg0if v mrI j yóem aMumif h w pf c gwpf & H w G i f vrf;vGom;Edif J G k onf / yd k r d k a umif ; rG e f t av;omaom enf;pepftm;toHk;jyKvQifydkrdkaumif; rGefonfh tjrwftpGef;udk &&SdEirnfjzpf kd f onf/ &if;ESD;jr§KyfESHolr sm;taejzif h*½kw pdkufraqmif& GufcJhv Qif “Mark to model” yHkpHrsm;rSm vufawGUrus onfh tajctaersm;&SdaeNyD; vkyfief; ta&mif;t0,fudpötm;vHk; tqifajycJh vQif wpfvtwGif; ukefoG,frIjyKEdkif ovdk a&mif;csrItwGufvnf; wpfv twGif; jyefvnf&&S dum vkyfief;tm; tzwfq,frI jyKvyEirnfjzpfaomfvnf; k f kd f vk y f i ef ; ta&mif ; t0,f udpörSm;,Gi;f cJ h vQif ESpEifcsí rdraiGtm; &&S&eftwGuf f S h D d d apmifhpm;&rnfh tajctaeodkY a&muf&Sd oGm;vdrfhrnfjzpfonf/ cJhonf/ aq;0g;rsm;tcsuf t vuf r sm;ud k ajymMum;&eftwGufq&m0efrsm;tm; aiGaMu;ay;aqmif&rIrsm;udk&yfqdkif;cJh onfhqHk;jzwfcsufrSmtjcm;aq;0g;rSm,l ol r sm;ES i f h a wG U qH k a qG ; aEG ; csd e f w G i f q H k ; jzwf c suf c scJ h j cif ; jzpf o nf / aq;0g; vkyfief;rsm;taejzifhaq;0g;rsm;tm; ta&mif ; jrS i f h w if & ef t wG u f a q;0g; uRrf;usifolrsm;tay:wGiftvGefrSDcdk aecJh&NyD; ,cktcguRrf;usifolrsm;tm; aq;0g;rsm;ta&mif;jrSifhwif&eftwGuf ay;aqmif & rI r sm;ud k & yf w ef Y c J h o nf h twG u f t ajymif ; tvJ B uD ; wpf & yf j zpf xGef;vmcJhNyDjzpfonf/
  • 21 INVESTMENT & FINANCE Myanmar Business Today December 26, 2013-January 1, 2014 Singapore’s UPP Greentech Terminates JV with Myanmar Partner Kyaw Min S ingapore-listed conglomerate UPP Greentech said it is terminating its joint venture agreement that it struck with its Myanmar partner in July. In a disclosure to the Singapore Exchange, the board of directors of UPP Holdings Ltd announced that UPP Greentech Pte Ltd and Myan Shwe Pyi Ltd (MSPL) have entered into an agreement to terminate their joint venture agreement (JVA) by mutual agreement. However, the company will still incorporate the JV vehicle. “Notwithstanding the termination of the JVA, pursuant to the agreement, UPP Greentech and MSPL, have agreed to proceed with the ongoing incorporation of UPP-MSP, which would be the joint venture vehicle for any future investment of the parties In July, UPP Greentech, a subsidiary of UPP Holdings Ltd, inked a joint venture agreement with MSPL to establish a company called Kanaung Engineering Ltd. Under the agreement, UPP Greentech was supposed to own 67 percent stake in Kanaung, with the remaining 33 percent held by MSPL. Kanaung Engineering’s main operations were expected to involve the blasting and drilling of rocks and/or breaking down blasted rock materials into aggregates to support key infrastructure projects in Myanmar. The JV company will have had a total issued and paid up capital of $20,895,523 (S$26.52 million). UPP said the total issued and paid-up share capital of UPP-MSP will be maintained at its current level of $50,000 comprising 50,000 ordinary shares of $1 each as required by increased to $12 million divided into 12 million shares of $1.00 each as contemplated in the JVA. The total issued and paid-up capital of UPP-MSP is held in the following proportions: MSPL, 12,500 shares representing 25 percent of the share capital of UPP-MSP; and UPP Greentech, 37,500 shares representing 75 percent of the share capital of UPP-MSP. UPP Greentech has two board seats, whereas MSPL has one board seat on UPP-MSP. UPP said the termination of the JVA and the incorporation of UPP-MSP are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the company and its subsidiaries, for the current Myanmar Summary pifumylwGif pm&if;oGif;xm;onfh pD;yGm;a&;tiftm;pkBuD;jzpfonfh UPP Greentech onf ZlvdkifvwGif jrefrm EdiirS jynfwi;vkyief;wpfcEihf tusK;wl k f H G f f k S d yl;aygif;cJhNyD; ,cktcg tusKd;wl yl;aygif;rIukd tqHk;owf&eftwGuf aqmif&uae G f aMumif; tqdygukrPrS ajymMum; cJhonf/ k Ü D UPP Holdings Ltd rS bkwftzGJU0ifvlBuD;rsm;u UPP Greentech Pte ESifh Myan Shwe Pyi Ltd (MSPL) wdkYonf tusKd;wlzufpyf Ltd oabmwlnDcsuftm; ESpfOD;ESpfzuf oabmwlnDrIjzifh tqHk;owf&ef taet xm;odYk a&muf&SdvmcJhNyDjzpfaMumif; xkwfjyefajymMum;cJhonf/ tusKd;wlzuf pyf oabmwlncsutm; tqH;k owf&eftwGuf oabmwlnDcJhMuaomfvnf; UPP D f Greentech ESif h MSPL wdkYonf UPP-MSP yl;aygif;aqmif&GufqJvkyfief; rsm;udk qufvufvkyfaqmif&eftwGuf oabmwlnDcJhMuaMumif; UPP rS ajymMum;cJhonf/ UPP Holdings Ltd vkyfief;cGJwpfckjzpfaom UPP ZlvdkifvwGif Greentech onf MSPL ESifh Kanaung Engineering Ltd ukrÜPD tm; wnf a xmif & ef t wG u f t usKd ; wl zufpyf vyf ief; oabmwl nDcsufudkv uf r S w f k a&;xdk;cJhonf/ tqdkygoabmwlncsuft& UPP Greentech onf ukrÜPD D &S,f,m 67 &mcdkifEIef;udk ydkifqdkifNyD; usef&Sdaom &S,f,m 33 &mcdkifEIef;tm; MSPL rS ydkifqdkifaMumif; od&onf/ Chinese Businesses Should Invest in Factories: UMFCCI Phyu Thit Lwin terials such as mineral, gems, C China gives tax exemption. But hinese investors should set up factories in Myanmar rather than only buying raw materials from the recently-opened Southeast Asian countries, a top Union of Myanmar Federation of Chambers of Commerce and In“Chinese entrepreneurs should not only buy raw materials but also come and build factories in Myanmar to and export them to other countries,” Aye Lwin, joint secretary of UMFCCI, said. Compared with other countries China is by far the largest trade partner of Myanmar. Bilateral trade between Myanmar and China amounted to $5.6 months of 2013, up 25.4 percent compared with that of the same period of 2012, according to the Ministry of Commerce statistics. Myanmar businesspeople said China should readjust its high goods from Myanmar. China imposes low taxes on raw materials but imposes punishing Myanmar. In this regard, fair trade terms and tax reduction is necessary, U Aye Lwin said. “If Myanmar exports raw maFrom page 9... family income. In poppy growhouseholds are in debt and food insecure than in non-poppy growing villages. “Villagers threatened with food insecurity and poverty need sustainable economic alternatives or they will continue, out of desperation, to grow opium as a cash crop,” Eligh said. Plans are also underway to link infrastructure and transportation routes between countries, highlighting the urgent need to crackdown on opium cultivation, says the UNODC, since Source: UNODC ed, there is a very high tax. So, there is a very little chance for to China. “Local entrepreneurs now even export bean as raw material and we are losing many chances to enhance our trade,” he said. Ren Shao, assistant director of the Department of Foreign Trade and Economic Cooperation of Guangdong Province, said she would report this to the Chinese government. Aye Lwin was speaking at a business meeting between Myanmar and Chinese entrepreneurs, co-organised by the UMFCCI and the China Council for the Promotion of International Trade (CCPIT) of Guangdong Province. The 22-member delegation of the CCPIT (Guangdong) arrived in Myanmar to explore business opportunities in December 11. The Chinese entrepreneurs said they aim to make joint ventures in wood manufacturing, shoe making, advertising and media, among others in Myanmar. A total investment of $75 million is planned, they said. China is the largest foreign investor in Myanmar among the 33 foreign countries, with 51 businesses investing about $14 advantage of easier integration to access growing markets. The UNODC is working to develop alternative livelihood options to help farmers switch to cultivating other crops, said Douglas. “But these programs have been of limited size to date scaled up.” Eligh told WSJ that in the absence of alternative employment and viable economic plans to help develop impoverished poppy growing areas, “then indications are that [opium production] may continue to rise.” billion in Myanmar. Currently, Japan, South Korea, the US and other European countries are eyeing Myanmar for investments according to international standards, so Chinese businessmen should come and invest like other countries for long-term, sustainable businesses, Myanmar entrepreneurs said. Myanmar Summary w½kwEiionf jrefrmEdii t"du f kd f H k f H pD;yGm;zufEdkifiHwpfckjzpfNyD; e,fpyfukef oG,frI? yHkrSefukefoG,frIyrmPrsm;rSm vnf; ESpfpOfwdk;wufvsuf&Sdum tjcm; EdkifiHrsm; ukefoG,frIESifhEdIif;,SOfygu wdkYtaejzifh jynfwGif;rS ukefMurf;ypönf; rsm;udkom t"du0,f,laeojzifh rQw onfh ukefoG,frI? tcGeftcaumufcHrI wdkukd jyKvy&ef vdtyfonf[k jrefrmEdiiH Y k f k k f ukefonfr sm;ESifh pufrIvufrIvkyfief;&Sif rsm;toif ; csKyf rS wG J z uf t axG a xG twGi;f a&;rSL; OD;at;vGifu ajymonf/ ]]jrefrmEdkifiHu w½kwfEdkifiHudk owåK o,HZmw? ausmufr sufausmufpdrf; ? opf? yJ? om;ig;pwJhukefMurf;awG wif oGif;&if w½kwftpdk;&bufu tcGeftc uif;vGwciay;Ny;D ukeacsmawGuawmh f G hf f kd tcGetcBu;D pGm owfrwxm;wJtwGuf f S f h ukefacsmwifoGif;cGifh tcGifhta&;enf; yg;aew,f/ jynfwGif;pD;yGm;a&;vkyfief; &SiawGrm ukeMf urf;tjzpfeJyJ wifyUkd ae& f S Y awmh tcGifhta&;qHk;½HI;rIawG trsm;BuD; From page 9... wefcsef 870 wef&SdrnfjzpfNyD; UNODC d rS avhvmqef;ppfrIrsm;wGif tjrifhqHk; taetxm;wpf & yf v nf ; jzpf a Mumif ; od&onf/ bde;f jzLESihf tjcm;trsK;d rsK;d aom w&m; r0ifrl;,pfaq;0g;rsm; xkwfvkyf&mwGif t"duyg0if ypön;f jzpfaom bde;f pduysK;d k f xkwfvkyfrIonf vmtdkwGif pdkufysKd;rI ESifhywfoufí twuftus tajymif; tvJodyfr&SdbJ xdkif;EdkifiHwGif usqif; vmaMumif; od&onf/ ppfwrf;t& jrefrmEdkifiHwGif bdef;pdkufysKd;xkwfvkyfrI jrifwufvmrIu ,if;a'o xkwvyf h f k rIEIef;xm;tm; ESpfqausmfrQ jrifhwuf vmapcJhaMumif; od&onf/
  • INVESTMENT & FINANCE 22 Myanmar Business Today December 26, 2013-January 1, 2014 Myanmar’s Electricity Crisis: Hope on the Horizon? of understanding which now awaits the signing by the Ministry of Electricity to progress matters Angelo Georgiou C ould we be seeing an end to the electricity crisis in Myanmar? It seems so. Cyprus-based Andreas Theodorou Group of Oliver Slow Soe, minister for energy, and Zayar Aung, minister for electricity, an investment of $25 billion for the development of nationwide green, sustainable energy in Myanmar. We are entering the year 2014 and 70 percent of Myanmar’s vast population still does not have access to sustainable electricity supply. Logic tells us that if all citizens of Myanmar had access to sustainable and clean electricity supply, it will provide a higher quality of life and higher chances of a better economic state. Electricity can ensure clean water supply, help improve agriculture, industry, health and educational services; overall it would help increase life chances and greatly increase the quality of life for Myanmar citizens who would then be able to better plan a sustainable future for themselves. Currently, the majority of Myanmar citizens are economically crippled and cannot adequately plan their future due to the lack or no access to uninterrupted electricity supply. The future and progress of Myanmar is largely dependent upon clean and green uninterrupted sustainable electricity supply to every single citizen of the country. Imagine 42-45 million more Myanmar citizens with access to electricity and it will be easy to picture the incredible overnight positive progress of the nation. Myanmar is a growing nation – with proud and highly-educated, skilled people, whose future is held back and/or stumped due to the lack of industry growth and opportunities which is due to lack of sustainable national electricity supply. Ambassador C Vassili of ICPT International Hu- A Cyprus-based company has offered to invest $25 billion in Myanmar's electricity sector to provide nationwide green, sustainable energy. man Rights Council, who is from Cyprus, realised the great need for green energy investment in areas of waste to energy, which further reduces the ongoing hazardous waste issues, bio-mass, solar, wind, gas turbine power stations and hydropower in Myanmar. He entered into talks with the ambassador of Myanmar to the UK to discuss how such projects that all its citizens could nationwide sustainable electricity supply. Theodorou Group of Companies also entered investment of $25 billion in green energy development in Myanmar. The proposal made to Zayar Aung and Khin Maung Soe has been welcomed and is expected to lead Myanmar and its citizens. Let us look at the Theodorou Group of Companies investment. venture partnership with Myanmar companies, which the latter will create local employment and revenue. Energy development subcontracts will also be aimed at Myanmar companies through this venture, and it will create thousands of long term jobs for Myanmar citizens. The venture will provide electricity access to all Myanmar citizens of which some 42-45 million of its citizens do not currently have access to main green electricity supply. This investment will place Myanmar in a position where it will not need to seek to buy electricity from other countries. In turn, it will help improve and create new home industries, improve exports, create new agriculture and clean water supplies, attract foreign investment, help improve and create new educational and health facilities, and bring Myanmar many years ahead of its energy roadmap. More importantly it will give Myanmar its national pride and greatly improve the quality of life of its citizens and better allow them the means to create a brighter future for themselves and generations to come. The Andreas Theodorou Group of Companies have already shown their sincerity and commitment to the investment via a signed and memorandum laboration between the Andreas Theodorou & TBEA Sunoasis and the ministry will bring Myanmar and its citizens into the light. This would be the greatest gift Myanmar has ever provided to its people. Angelo Georgiou is the Chief of International national Human Rights Council. Views and opinions expressed here are the author’s own. Myanmar Summary qdkuy&ufptajcpduf Andreas f f k T h e o d o r o u G r o u p of Companies rS pGrf;tif0efBuD; OD;cifarmifpdk;ESifh vQyfppfpGrf;tm; 0efBuD; OD;aZ,smatmifwdkYtm; tar&duefa':vm 25 bDvD,H toHk;jyKí jrefrmEdiiwif oef&if; k f H G Y S NyD; a&&SnfwnfwHhzGHUNzdK;pGrf;tif vkyf ief; zGHUNzdK ; wdk ; wuf rI r sm;ud k aqmif&Guf&eftwGuf w&m;0if urf;vSrf;cJhaMumif; od&onf/ ,cktcg2014 ckEpokYda&muf&Sd S f awmh rnf jzpf NyD ; jref rmEd k i f iH &Sd vlOD;a& 70 &mcdkifEIef;onf a&&SnwnfwaomvQyppf"mwf f hH f tm; axmufyHhrIrsm;udk r&&SdEdkif ao;ay/wGucsurrsm;t& jrefrm f fI Ediiom;tm;vH;k taejzifh a&&Snf k f H wnfwNhH y;D oef&Si;f aom vQyppf Y f pGr;f tifukd &&ScrnfqkdvQif vlrI d Jh b0t&nftaoG;rsm;udk ydkrdkjr§ifh wifvmEdkifrnfjzpfNyD; pD;yGm;a&; twGufvnf ; ydkrdkjrifhrm;aom tcGitvrf;rsm; ay:xGuvmEdif hf f k aprnfjzpfonf/ ,ck vuf &Sd t csd e f w G i f jrefrm EdkifiHrS jynfoltrsm;pkrSm pD;yGm; a&;wGif tiftm;csneJaeNy;D pOf hf Y quf r jywf vQy f ppf "mwf tm; axmufyHhrIukd r&&Sdjcif;aMumifh tpDtpOfaumif;rsm; rjyKvyEif k f kd onfh taetxm;wGif &Saeonf/ d tem*wfEihf zGUH NzKd ;wd;k wufronf S I oef&i;f Ny;D pOfqufrjywf vQyppf Y S f "mwftm;axmufyay;Edirtay: hH k f I wGif trsm;BuD;rlwnfaeonf/
  • 23 INVESTMENT & FINANCE Myanmar Business Today December 26, 2013-January 1, 2014 Japan to Provide Fresh Su Su J apan pledged to provide another ¥63 billion ($610.53 million) loans to Myanmar recently, mainly to fund the Southeast Asian country’s infrastructure projects. With Japanese Prime Minister Shinzo Abe having promised aid of ¥91 billion in loans to Myanmar in May, the total aid of Japan under his government is now more than ¥150 billion. “We will continue to provide support, both at the public and private level, for infrastructure building initiatives and work toward Myanmar’s development,” Abe said at a joint press conference after meeting with Myanmar’s President Thein Sein, who came to Japan to attend the regional summit between Japan and the Association of Southeast Asian Nations (ASEAN). The loans are designed to help build infrastructure for the Thilawa Special Economic Zone in the suburbs of Yangon, Myanmar’s largest city, and upgrade a railway network in Myanmar, among other projects. Abe also pledged Japan’s support for Myanmar’s health and medical sectors, and postal system. He told Thein Sein during their meeting that he wants to “cooperate closely” with the president next year to “achieve major progress in developing the ASEAN region.” Myanmar will hold the ASEAN in 2014. Japan and Myanmar will mark the 60th anniversary next year of the establishment of diplomatic ties. Tensions between China and Japan have mounted this year in the East China Sea over disputed islands. Beijing’s decision last month to declare an air dearea has added to the fraught atmosphere. Abe, since coming to power a year ago, has promoted Japan as an ally for Asian countries that also are wary of Beijing’s growing regional clout. These include Myanmar, a resource-rich nation that has long been in China’s sphere of rulers have given way to a nominally civilian administration and opened the country to other foreign investors. The Japanese prime minister said Japan would make an anmar and Thailand to develop the Dawei industrial zone in southern Myanmar. Myanmar and Thailand are planning to develop a 6,000acre project in Dawei, a southern port town close to the Thai border, and have sought to persuade Japan to join. The project envisages building crude oil storage facilities and a pipeline across the border, greatly reducing the cost of shipping oil to Thailand. But the plan, which was being backed by a Thai company, has stalled due to lack of capital. Abe’s support for the development, although lacking details, is the strongest sign yet that Japan could join the consortium. Japan’s more activist role in Myanmar is likely to be viewed Contd. P 26... Myanmar Summary *syefEdkifiHrS jrefrmEdkifiHodkY aemufxyf tultnDtjzpf ,ef;aiG 63 bDvD,H (tar&duefa':vm 610.53 rDvD,H) tm; rMumao;rDu acs;aiGaxmufyHh ay;cJhNyD; t"dutm;jzifh jrefrmEdkifiH tajccH t aqmuf t tH k p D r H u d e f ; rsm; twGufjzpfaMumif; od&onf/ *syefEdkifiH 0efBuD;csKyf &SifZdktmab; u arvwGif jrefrmEdkifiHodkY ,ef;aiG 91 bDvD,Htm; acs;aiGtjzpf ulnDay; oGm;&ef uwdu0wfjyKvkyfcJhNyD; ,ck tcg *syefEdkifiHrS jrefrmEdkifiHodkY acs;aiG tultnDaxmufyHhay;xm;rIpkpkaygif; rSm ,ef;aiG 150 bDvD,Hausmf&SdNyDjzpf onf / taxmuftyH htultnDr sm;udk qufvufjyKvyay;oGm;rnfjzpfNy;D jrefrm k f Edii zGUH NzKd ;wd;k wufrtwGuf tajccH k f H I taqmufttHkwnfaqmufrIr sm;wGif trsm;jynfoEifh yk*vuu@ 2 &yfvk;H l S ¾ d tm; axmufyHulnDoGm;rnfjzpfaMumif; h jrefrmEdii or®wOD;ode;f pdeEifh awGUqHk k f H f S aqG;aEG;NyD;aemuf *syef0efBuD;csKyf &SifZdk tmab;u ajymMum;cJhonf/ EdkifiHawmfor®wOD;odef;pdefonf *syef EdiiEifh ta&SUawmiftm&SEiirsm;tMum; k f H S kd f H a'oqdkif&m awGUqHkaqG;aEG;yGJodkY wuf a&muf&eftwGuf *syefEiiokYd oGm;a&muf kd f H cJhonf/ acs;aiGr sm;tm; oDv0gtxl; pD;yGm;a&;ZkeftwGuf tajccHtaqmuf ttHkr sm; wnfaqmufrIwGif ulnDay; &eftwGuf &nf&G,faMumif; od&onf/ jrefr mEdki fi H tBuD;qHk;NrdKUjzpfaom &efueNf rKd UwGif rD;&xm;ydaqmifqufo,f k kY G a&;uG e f & uf r sm;udk tqif h jr§if h wif&ef vnf; yg0ifaMumif; od&onf/ 0efBuD;csKyf &SiZtmab;u jrefrmEdiiH f kd k f use;f rma&;apmifa&SmufrEihf aq;0g; h I S u@rsm;wGifvnf; taxmuftyHhr sm; Contd. P 26... MIGA Welcomes Myanmar as a New Member Shein Thu Aung T he Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, announced that My- become MIGA’s 180th member. Myanmar’s membership in MIGA means that direct foreign investment into the country is eligible for the agency’s investment guarantees. MIGA’s guarantees protect investments against the risks of transfer restriction, expropriation, breach of contract, disturbance. Investors from Myanmar going into MIGA’s other developing member countries may also receive coverage for their investments. “We’re very happy to welcome Myanmar as a MIGA member at a critical time in the country’s history,” said Keiko Honda, MIGA’s executive vice president. “We are eager to support investments in sectors such as energy, telecom, and agribusiness. Investments that create jobs and provide critical infrastructure will help Myanmar Myanmar Summary urÇmbPf Multilateral Investment Guarantee Agency (MIGA) wGif h jrefrmEdkifiHonf180ajrmuftzGJU0ifwpfOD;jzpfvmcJhNyDjzpfaMumif; od&onf/ MIGAwGif jrefrmEdiitaejzif h tzGUJ 0ifEiiwpfEiitjzpf oabmwlnxm; k f H kd f H kd f H D jcif;aMumifh jrefrmEdkifiHodkY &if;ESD;jr§KyfESHonfEiijH cm;wdu½u&if;ES;D jrK§ yErrsm; h kd f k f kd f f HS I twGufat*sifpD&if;ESD;jr§KyfESHrItmrcHcsufrsm;ESifh udkufnDrI&Sd&rnfjzpfaMumif; vnf; od&onf/ MIGA rStmrcHcsufr sm;wGiful;ajymif;rIuefYowfcsufr sm; &ifqdkifpGefY pm;&rIr sm; ? odrf;,ljcif;rsm;? vkyfief; oabmwlnDcsufrsm;udzsufodrf;jcif;? ppfyGJESihf vlxkqlylvIyf&Sm;rIrsm;tp&Sdonfwyg0ifNyD; &if;ES;D jrK§ yErrsm;twGuf kd f HS I tumtuG,ay;oGm;EdirnfjzpfaMumif;od&onf/ f k f jrefrmEdkifiHrS &if;ESD;jr§KyfESHolr sm;tae jzifhvnf; MIGA tjcm;zGHUNzdK;qJ pdwcs,MkH unfr&vmEdiaprnfjzpfonf/ rdrdwdkYtaejzifh,ckuJhodkY jrefrmEdkifiH f I dS k f ordi;f wGita&;ygaomtcseü jrefrmEdkifiHtm; MIGA tzGJU0iftjzpf k f df 0rf;ajrmuf0rf;ompGm BudKqdkygaMumif; MIGA 'kwd,trIaqmifOuú| Keiko Honda u ajymMum;cJhonf/ Thailand’s PTT aims to list power unit on Bangkok bourse in mid-2014 T hailand’s biggest energy to sell about 25-30 percent of an electricity generation company in an initial public funds for regional expansion. Surong Bulakul, told reporters at a news conference that the strategy is part of statecontrolled PTT’s drive to triple Global Power Synergy Co’s (GPSC) generating capacity to 6,000 megawatts in 2020 from 2,000 MW. Surong gave no details about the value of the listing, expected on the Bangkok stock exchange. GPSC aims to invest in developing its power business at home, as well as expanding into Laos, Indonesia and Myanmar. The business, a joint venture between PTT and its subsidiaries Thai Oil Pcl and PTT Global Chemical Pcl, is expected to contribute about 5-10 percent of PTT’s group revenue in the next 10 years, Surong said. PTT has also planned to dilute its 36 percent holding in Star Myanmar Summary in a separate IPO sometime next year. SPRC, 64-percent owned by oil giant Chevron Corp, operates ery in eastern Rayong province. The energy giant previously scaled back spending plans for this year due to lower-thanexpected economic growth, and said it wanted to sell non-core assets, like its palm oil business in Indonesia. Reuters xdi;f Edii tBu;D qH;k pGr;f tifvyief; k k f H k f BuD;jzpfonfh PTT Pcl jzifh vQyppf"mwftm;xkwvya&;ukrÜPD f f k f wpfck vkyfief;&S,f,m 25 &mcdkifEIef; rS 30 &mcdkifEIef;txdtm; 2014 ESpf v,fwGif trsm;jynfolodkY a&mif;csom; G &ef pDpOfaeaMumif; ajymMum;cJNh y;D tm&S a'owGif;qdkif&m vkyfief;csJUxGifaqmif &GufrIrsm;twGuf b@maiGwdk;jr§ifh&ef twGufjzpfaMumif; od&onf/ b@ma&;trIaqmifcsKyf jzpfol Surong Bulakul u ,ckuoYkd hJ vkyief;&S,,mrsm; a&mif;csronf EdiiH f f I k f ydkifvkyfief;BuD;jzpfonfh PTT PTT Global Power Synergy Co (GPSC) rS vQyppf"mwftm;xkwvyrr sm;udk f f k f I ,ck vuf&Sd 2000 r*¾g0yfxkwfvkyfEdkifrIrS 2020 wGif 6000 r*¾g0yftxd oHk;q wdk;í xkwfvkyfEdkif&eftwGuf BudK;yrf;rI wpfckjzpfaMumif;vnf; owif;pm&Sif; vif;yGwif owif;axmufrsm;tm; ajym J G Mum;cJhonf/
  • 24 Myanmar Business Today December 26, 2013-January 1, 2014 Flights from Yangon (RGN) to Bangkok (BKK) g s o g N Flight No. PG 706 DD4231 FD2752 8M335 TG304 PG702 Y5-237 TG302 PG703 8M331 FD2754 PG704 TG306 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 Days s 3 4 5 3 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 3 4 5 6 7 7 6 7 6 7 6 7 6 7 6 7 6 7 6 7 6 7 6 7 6 7 6 7 From RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN To BKK DMK DMK BKK BKK BKK BKK BKK BKK BKK DMK BKK BKK ETD 7:15 8:00 8:30 8:40 9:50 10:45 18:05 14:45 15:20 16:30 17:50 18:25 19:40 ETA 9:30 9:45 10:15 10:25 11:45 12:40 19:50 16:40 17:15 18:15 19:35 20:20 21:35 Flights from Bangkok (BKK) to Yangon (RGN) g s o g K a Operated by: Bangkok Airways NOK Airlines Thai AirAsia MAI Thai Airways Bangkok Airways Golden Myanmar Airlines Thai Airways Bangkok Airways MAI Thai AirAsia Bangkok Airways Thai Airways Flight No. DD4230 8M336 FD2751 TG303 PG701 FD2755 PG707 Y5-238 FD2753 PG703 TG305 8M332 PG705 Flights from Yangon (RGN) to Chiang Mai (CNX) g s o o ) a i W9-9607 4 7 RGN CNX 14:50 Days s 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 3 4 5 1 1 2 3 4 5 1 2 3 4 5 1 3 4 5 5 1 2 3 4 5 1 2 3 4 5 6 6 6 6 6 6 6 7 7 7 7 7 6 7 RGN RGN RGN RGN RGN RGN RGN RGN RGN SIN SIN SIN SIN SIN SIN SIN SIN SIN 10:10 0:25 8:30 10:25 11:30 13:45 15:10 17:10 16:40 14:40 5;00 13:00 14:45 16:05 18:15 19:35 21:35 21:15 Air Bagan W9-9608 Golden Myanmar Airlines SilkAir MAI Singapore Airline Jetstar Asia MAI TigerAir TigerAir SilkAir Y5-234 SQ998 8M6231/3K585 8M232 MI518 8M235 TR2826 TR2826 MI520 1 2 3 4 5 6 7 1 2 3 4 5 6 7 1 2 3 4 5 6 7 VN956 1 RGN RGN RGN KUL KUL KUL 8:30 8:55 12:15 12:50 12:55 16:30 4 1 1 1 1 1 2 3 4 2 3 4 3 4 2 3 4 2 3 4 5 6 7 RGN HAN 19:10 2 4 7 RGN SGN 14:25 1 2 3 4 5 6 2 5 6 RGN RGN TPE TPE 10:50 11:35 2 3 4 6 7 1 2 3 4 5 6 7 3 6 RGN RGN RGN KMG KMG KMG 14:15 14:40 12:20 2 3 4 6 7 RGN BJS 14:15 Days s 3 From RGN 6 To NNG ETD 12:20 1 2 4 6 RGN HKG 1:10 VN957 1 17:10 2 4 7 3 6 1 5 RGN RGN RGN CAN CAN CAN 8:40 11:20 17:40 VN943 3 2 China Airline EVA Air CI7915 BR287 Days s 1 8M 601 AI234 1 1 NH914 1 From RGN RGN 5 5 To CCU CCU ETD 18:45 13:40 Air China China Eastern China Eastern (via NNG) CA905 MU2031 MU2011 5 6 5 RGN RGN GAY GAY 10:30 13:40 6 RGN NRT 22:00 21:55 CA905 1 3 4 5 7 7 QR619 1 2 3 4 5 6 7 RGN RGN ICN ICN 0:05 0:50 DOH 8:00 ETA 16:25 Operated by: China Eastern Flight No. MU2011 5:35 6T211 Days s 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 KA250 MAI China Southern Airline China Southern Airline CZ3055 8M712 CZ3055 ETA 19:45 16:55 6 7 Days s 3 1 SIN SIN SIN SIN SIN SIN SIN SIN SIN KUL KUL KUL HAN SGN TPE TPE KMG KMG KMG BJS From NNG 6 3 5 3 2 7 6 4 1 Operated by: Air India Air India (via GAY) Flight No. AI227 AI233 MAI Air India 8M 602 AI233 1 RGN RGN RGN RGN RGN RGN RGN RGN RGN 15:35 7:55 9:10 14:10 14:20 19:15 13:00 15:00 22:10 17:05 9:20 10:40 15:40 15:45 20:45 14:30 16:30 23:35 Golden Myanmar Airlines Singapore Airline Jetstar Asia MAI SilkAir MAI TigerAir TigerAir SilkAir RGN RGN RGN 6:55 10:05 14:00 8:00 11:15 15:00 AirAsia Malaysia Airlines MAI RGN 16:35 18:10 Vietnam Airlines RGN 11:40 13:25 Vietnam Airlines RGN RGN 7:15 7:30 10:05 10:35 China Airline EVA Air RGN RGN RGN 12:40 13:30 8:25 13:15 14:00 11:30 Air China China Eastern China Eastern (via NNG) RGN 8:05 13:15 Air China (via KMG) To RGN ETD 10:15 ETA 11:30 Operated by: China Eastern HKG RGN 21:50 23:45 Dragon Air 7 5 CAN CAN CAN RGN RGN RGN 8:40 14:15 14:45 10:30 15:45 16:35 China Southern Airlines MAI China Southern Airlines Days s ALL NIPPON Airways NH913 1 1 From CCU CCU 5 5 To RGN RGN ETD 10:35 13:30 ETA 13:20 18:00 Operated by: Air India Air India (via GAY) Flights from Gaya (GAY) to Yangon (RGN) g s y n G 11:50 15:00 3 5 6 5 GAY GAY RGN RGN 12:50 15:00 16:00 18:00 MAI Air India Flights from Tokyo (NRT) to Yangon (RGN) i t r k T a R 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways Flights from Seoul (ICN) to Yangon (RGN) g s o ) n G 8:00 8:50 Korean Air Asiana KE471 OZ4753 Qatar Airways QR618 1 23 4 5 6 7 3 6 ICN ICN RGN RGN 18:40 19:30 22:55 23:40 Korean Air Asiana Flights from Doha (DOH) to Yangon (RGN) t r h R 11:45 ETD 7:30 13:00 16:30 8:00 15:30 ETA 8:30 14:00 17:30 9:00 16:30 Operated by: FMI Air Charter FMI Air Charter FMI Air Charter FMI Air Charter FMI Air Charter Flight No. FMI-A2 FMI-B2 FMI-C2 FMI-A2 FMI-A2 7 RGN NYT 15:30 16:25 Air Mandalay 6T212 Flights from Yangon (RGN) to Mandalay (MDY) i t r o n Golden Myanmar Airlines Yangon Airways Yangon Airways Yangon Airways Yangon Airways Air Bagan Air KBZ Asian Wings 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways Flights from Nay Pyi Taw (NYT) to Yangon (RGN) lg s o y N n To NYT NYT NYT NYT NYT Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 YH 909 2 4 6 7 RGN MDY 6:30 8:10 YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 YH 727 1 5 RGN MDY 11:15 13:25 YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 W9 501 1 2 3 4 RGN MDY 6:00 7:25 K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 e a 3 d s a y u Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday Air Bagan Flights from Kolkata (CCU) to Yangon (RGN) h o k U a R 7 1 17:50 Flights from Guang Zhou (CAN) to Yangon (RGN) lg s o C n From RGN RGN RGN RGN RGN 6 17:20 Hong Kong (HKG) Flights from Yangon (RGN) n a Dragon Air Flights from Yangon (RGN) to Nay Pyi Taw (NYT) lg s o w Flight No. FMI-A1 FMI-B1 FMI-C1 FMI-A1 FMI-A1 RGN Flights from Nanning (NNG) to Yangon (RGN) g s o n N a Flights from Yangon (RGN) to Doha (DOH) lg s n G O RGN 7 2 3 4 Flights from Yangon (RGN) to Seoul (ICN) g s n G C KE472 OZ7463 CNX Flights from Beijing (BJS) to Yangon (RGN) lg s j S n R Air China (via KMG) 06:40+1 4 2 3 4 6 7 1 2 3 4 5 6 7 3 6 Flights from Yangon (RGN) to Tokyo (NRT) g t r n G N 3 Operated by: NOK Airlines MAI Thai AirAsia Thai Airways Bangkok Airways Thai AirAsia Bangkok Airways Golden Myanmar Airlines Thai AirAsia Bangkok Airways Thai Airways MAI Bangkok Airways Flights from Kunming(KMG) to Yangon (RGN) lg s o m M Flights from Yangon (RGN) to Gaya (GAY) g s n G A 3 5 6 7 1 2 3 4 5 6 7 2 5 6 Flights from Yangon (RGN) to Kolkata (CCU) h o g o C Flight No. AI228 AI234 ETA 07:55 7:25 8:00 8:45 9:40 12:20 14:30 21:55 17:20 17:35 18:40 20:05 21:15 Flights from Taipei (TPE) to Yangon (RGN) lg s E n 16:10 17:20 13:15 15:50 22:15 ETD 06:30 6:40 7:15 8:00 8:50 11:35 13:40 21:10 16:35 16:45 17:55 19:20 20:00 Flights from Ho Chi Minh (SGN) to Yangon (RGN) lg s o i S n Vietnam Airlines 17:35 17:55 18:10 To RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN RGN Flights from Hanoi (HAN) to Yangon (RGN) g t r n N n R Flights from Yangon (RGN) to Guang Zhou (CAN) lg s o n u 8M711 CZ3056 CZ3056 7 Vietnam Airlines 21:30 Flights from Yangon (RGN) to Hong Kong (HKG) g s o o ) n KA251 7 7 7 7 1 2 3 4 5 6 7 1 2 3 4 5 6 7 1 2 3 4 5 6 7 Flights from Yangon (RGN) to Nanning (NNG) g s o g N a Flight No. MU2012 7 7 AK1426 MH740 8M502 Flights from Yangon (RGN) to Beijing (BJS) lg s n G CA906 6 6 6 6 6 6 6 AirAsia MAI Malaysia Airlines Flights from Yangon (RGN) to Kunming(KMG) lg s o g N CA906 MU2032 MU2012 5 5 5 5 5 5 2 3 4 5 5 Flights from Yangon (RGN) to Taipei (TPE) lg s n G T CI7916 BR288 From DMK BKK DMK BKK BKK DMK BKK BKK DMK BKK BKK BKK BKK Flights from Kuala Lumpur (KUL)to Yangon (RGN) g t r o n Flights from Yangon (RGN) to Ho Chi Minh (SGN) lg s o h VN942 7 1 Flights from Yangon (RGN) to Hanoi (HAN) g t r n G H 3 6 6 6 6 6 6 6 6 6 6 6 6 7 7 7 7 7 7 7 7 7 7 7 7 7 Flights from Singapore (SIN) to Yangon (RGN) lg s o a Flights from Yangon (RGN) to Kuala Lumpur (KUL) i t r m n a u AK1427 8M501 MH741 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 Flights from Chiang Mai (CNX) to Yangon (RGN) g s o g C 16:20 Flights from Yangon (RGN) to Singapore (SIN) lg s o g N n Y5-233 MI509 8M231 SQ997 8M6232/3K586 8M233 TR2827 TR2827 MI517 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 Days s 1 2 3 4 5 1 2 3 4 5 1 2 3 4 5 7 From NYT NYT NYT NYT NYT To RGN RGN RGN RGN RGN ETD 8:50 14:20 18:00 10:00 17:00 ETA 9:50 15:20 19:00 11:00 18:00 Operated by: FMI Air Charter FMI Air Charter FMI Air Charter FMI Air Charter FMI Air Charter 7 NYT RGN 16:45 17:40 Air Mandalay 6 1 Flights from Mandalay (MDY) to Yangon (RGN) i t r d D Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 YH 910 1 3 MDY RGN 7:40 10:30 YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 YH 728 1 5 MDY RGN 9:10 11:05 YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 W9 502 1 2 3 4 MDY RGN 16:10 18:15 K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Days - (1) Monday (2) Tuesday (3) Wednesday (4) Thursday (5) Friday (6) Saturday (7) Sunday e a 3 d s a y u Golden Myanmar Airlines Yangon Airways Yangon Airways Yangon Airways Yangon Airways Air Bagan Air KBZ Asian Wings
  • PROPERTY & REAL ESTATE 25 Myanmar Business Today December 26, 2013-January 1, 2014 Soaring Rentals Hurt Yangon-bound Workers and Students Realtors Call for Estate Taxes Htet Aung T he authorities should collect real estate taxes according to the estates’ respective locations in Yangon, realtors say. Yangon’s real estate agents said real estate tax rate in in downtown. “Real estate market has been on the rise and at the end of 2013 the business remains brisk. Urban real estate markets or real estates in downtown Yangon sell more than those in the suburbs. So, the purchase tax in the outskirts should be less than the downtown estates,” said U Aung Moe, director of a Yangon-based real estate agency. In October, the authorities put a cap on land prices in Yangon to rein in on the overheated property market. “This year, we have seen many changes regarding laws and regulations. But still the market is soaring. In this situation, real estate purchasers in Yangon city should Damir Sagolj/Reuters Yangon,” said Daw Yu Maw, another real estate agent from Yangon. “The tax should be collected based on the location of the estates. Then people will think about buying lands after carefully considering the tax rate,” she added. Myanmar Summary People look out from their apartments in an older part of Yangon. Affordable apartments and hostels for people coming to Yangon from different parts of Myanmar are getting increasingly rare amid surging rentals. Phyu Thit Lwin W orkers and students coming to Yangon from all spiralling rental prices in the commercial hub of the country, sources say. Yangon has always been a pull for workers around other parts of the country due to a centralised economy and lack of job opportunities. The same goes for students who aspire for higher educavery few, or no, quality educational institutions around the country except for Yangon. However, the inbound population, which surged to a greater height following sweeping reforms which started taking place in 2011, is now strugapartments and hostels because of surging rental prices. “My salary is K70,000 per month. In 2011, hostel fees were increased from K15,000 to K20,000, and last year it went up to K25,000. Some had to even pay K30,000,” Ma Eaint Chit, a tenant at a hostel in Kamayut township, said. “If the hostel rental is almost half of your salary port your family anymore. Rather I have to ask for help from my family now,” she added. To compound the problems, tenants have to rent an apartment or hostel for at least six months up to one year and the whole rent has to be paid in advance – on top of which there is a fee equal to one month’s rent that has to be paid to the broker. Tenants say when a new contract is signed the rental also goes up almost without exception. Before 1990 in Yangon, tenants only had to pay a deposit agreed beforehand between the house owner and the renter, and the rental was later paid per month. However, the new system of paying the full one-year or six-month rental became commonplace afterwards. Apartment and hostel rental charges have been on the up for the last two and a half years in Yangon and in some other major cities in Myanmar, and experts say this trend is unlikely to cease in the near future as the migrants soars. Myanmar Summary tNrKd UNrKd Ute,fe,frS &efueNf rKd U k odkY vma&muftvkyfvkyfudkifae Muonfh 0efxrf;rsm;ESifh taqmif iSm;&rf;íoifwef;wufaeMuaom ausmif; om;? ausmif; ol rsm;rSm tdrfcef;? taqmifiSm;&rf;crsm; wpfpxufwpfp w&dyf&dyf jrifh wufvmonfhtwGuf aep&m tcuftcJrsm;ESifh &ifqdkifae& aMumif; tqdkyg iSm;&rf;aexdkif olrsm;xHrS od&onf/ ]]uRefr&JU vpmu wpfvudk 70000 yJ&Sdw,f/ taqmifvc u t&if 2011 ckESpfukefawmh 15000 uae 20000 txd jrifwufvmw,f/rESpu 25000 h f jzpfom;NyD;? tckqkd wcsKdUtaqmif G awGrSm 30000 txd ay;ae& wmrsKd;&Sdw,f/ vpm&JU xuf0uf BuD;rsm;awmif jzpfaeawmh tdrf udk jyefNyD;raxmufyHhEdkifwJhtjyif ud,ujyefNy;D vSr;f rSmae&w,f}} k f [k urm&GwfNrdKUe,ftwGi;f taqmif iSm;&rf;aexdiol rtdrcspu ajym k f fh f onf/ xdjYk yif tdrcef;iSm;&rf;aexdiol f k f rsm;rSmvnf; 6 vpmcsKyfjzifh iSm;Mu&NyD; owfrSwfcsdefjynfhí pmcsKyftopf xyfrHcsKyfqdkv Qif tdrfiSm;crsm; wdk;ay;&wwfNyD;? yGJpm;ctjzpf wpfvpmBudKay;& jcif;rsKd;ESifh BuHKawGU&wwfaMumif; od&onf/ &efueNf rKd U tdrcef; ? taqmif k f iSm;&rf;crsm;rSm vuf&Stcsewif d d f G vnf; BuD;jrifhaejyD; a&SUvmrnfh ESprsm;wGivnf; wefz;kd enf;tdrf f f &mrsm; ay:xGuvmapumrl vlae f xlxyfraMumifh qufvufjrifwuf I h aeOD;rnf[k tdrNf cajrtusK;d aqmif H rsm;? aps;uGufuRrf;usifolr sm;u oHk;oyfajymqdkaeMuonf/ ,ckEdk0ifbmvwGif NrKdUay:tdrfNcHajr rsm; ta&mif;t0,fjzpfxGef; atmifjrif vmonfEitrQ NrKUd wGi;f tcsutcsmusonfhae&mrsm;&Sd h S hf f tdrfNcHajrrsm; tcGef ay;aqmifrIEIef;xm;rsm;ESifh qifajczHk; &yf uGufr sm;twGif;&Sd tdrfNcHajrrsm;tcGefay;aqmifrIr sm;tm;cGJjcm; owfrSwfay;oifhaMumif;tdrfNcHajrtusKd;aqmifvkyfief;'g½dkufwm OD;atmifrdk;u ajym onf/ ]]tckESpfxJrSm tdrfNcHajreJY ywfoufwJh Oya'awG ay:vmwJhtjyif tdrfNcHajrta&mif;t0,fawGtckvydif;rSmt&ifuxufydkNyD;wkd;wuf k vmwmudkawGU&ygw,f/ tJ'Dae&mrSm &efukefNrKdUay:ut"dut csuftcsmuswJhae&mawGrSm&SdwJh tdrfNcHajrawGudk 0,f,lolawGeJY acsmifuswJh&yfuGufawGxJu tdrfNcHajrawGu0,f,woawGukd olU kd l hJ l ae&ma'o tuGuftuGif;tay:rlwnfNyD;awmh tcGetcawGay; f aqmifwae&mrSm cGjJcm;owfrSwfoGm;EdkifzdkY vdkygw,f/ 'grSvnf;jynfol hJ awGbufutcGeay;aqmifrtay:rlwnfNyD; pdwfBuKdufae&mawGudk f I 0,f,lrIydkrsm;vmrSmjzpfygw,f}}[ktdrfNcHajrtusKd;aqmif a':,karmf u ajymonf/
  • 26 PROPERTY & REAL ESTATE Myanmar Business Today December 26, 2013-January 1, 2014 Thai Tycoon Delays $780m Property Fund IPO Over Political Troubles Khettiya Jittapong T he Thai real estate group controlled by billionaire Charoen Sirivadhanabhakdi has delayed a plan to raise at least 25 billion baht ($780 million) from selling a property fund to the public, fund manager Krung Thai Asset Management (KTAM) said. Investment Fund will be post2014 from the end of this year, mainly due to regulatory processes and unfavourable market conditions brought about by Thailand’s political troubles. Last week Prime Minister Yingluck Shinawatra called a snap election for February 2. She remains caretaker prime minister but protesters want her to go now, with political reforms pushed through before any election. “The current political situaFrom page 23... in Beijing as part of attempts by the US to contain China in the region, analysts say. The US and Japan have been among the most vocal opponents of China’s air defense zone in the East China Sea. “It is clear that the Chinese view Japan in Myanmar as linked to the US policy of containment against it in the region,” David I Steinberg, a specialist on Myanmar at Georgetown University in Washington, told the Wall Street Journal. Japan’s push is part of a wider strategy in Southeast Asia, where it has pledged $20 billion in aid and development year ended April, up tenfold from the year before that. Chinese investors pledged $407 million, down from $12 billion invested in the preceding four years. China denies that it sees Japan’s growing role in Myanmar as a threat. Yang Houlan, China’s ambassador to Myanmar, said in an interview that “all foreign year, all problems should be resolved,” she said, adding the fund manager has already change Commission. The size of the fund was reduced from an initial 32 billion baht, and assets to be transferred to the fund will include 12 hotels in Bangkok and major tourist cities such as Phuket, Chiang Mai and Samui. Earlier this month, Thailand’s largest shopping mall developpostponed its plans to raise 8.86 billion baht through selling units of its property fund due to political violence in Bangkok. Reuters investments could and should be a blessing for Myanmar.” He added: “Just because they are in, it doesn’t mean we are out.” For years, Chinese companies made huge investments in Myanmar’s rare gems industry and in infrastructure. A $2.54 billion oil-and-gas pipeline that traverses Myanmar to China, and was funded and built by Beijing, opened earlier this month. But there have been signs of strain in economic ties between the two nations. In 2011, Myanmar cancelled plans for China to build a $3.6 billion dam in Myitsone, citing environmental concerns. Other resource projects have met protests. John Lee, a visiting fellow and China expert at the Singaporebased Institute for Southeast Asian Studies, told WSJ that China’s frustrations in Myanmar might open the door for Japan. But China is unlikely to pull out of such a strategic area, Lee said. “If China wants to continue to pour politically-motivated money into Myanmar, then to get a foothold.” From page 23... ay;&ef E S i hf pmydkYpepf wdk ; wuf vm&ef twGuvnf; uwdjyKconf/ jrefrmEdiiH f hJ k f taejzifh 2014 ckESpfwGif yxrOD;qHk; tmqD,Ouú|&mxl;udk xrf;aqmif&rnf H jzpfNyD; vmrnfEpwif *syefEiiEifh jrefrm h S f G kd f H S EdkifiHwdkYonfvnf; oHwrefqufqHa&; Myanmar Summary xdkif;EdkifiH bDvD,Hem Charoen Sirivadhanabhakdi rS t"duxde;csKyf f aqmif&Gufonfh tdrfNcHajrvkyfief;tae jzifh trsm;jynfolodkY &S,f,mrsm;tm; a&mif;csNyD; vkyfief;twGuf tenf;qHk; xdkif;bwfaiG 25 bDvD,H (tar&duef a':vm 780 rDvD,H) &&Sdvm&ef tpD tpOfjzifh aESmifhaES;MuefYMumrIr sm; &Sdae aMumif; Krung ThaiAsset Management (KTAM) rS ajymMum;cJhonf/ xdkif;[dkw,f&if;ESD;jr§KyfESHrIb@maiG twGuf urf;vSrf;rItm; ,ckESpfukefrS 2014 ckEpf atmufwbmv yxroHk;v S kd ywfumvtxd a&TUqdkif;vdkufaMumif; od&NyD; pnf;rsOf;pnf;urf;xdef;odrf;BuD; MuyfrIqdkif&m vkyfief;pOfESifh xdkif;EdkifiH EdkifiHa&;jyóemrsm;aMumifh aps;uGuf tajctaeraumif;rGefrIaMumifh ,ckuJh odkY &S,f,mrsm; a&mif;cs&ef vkyfief;udpö onf aESmifhaES;MuefYMumaejcif;vnf; jzpfonf/ in March this year educated small farmers, small business owners and entrepreneurs (80 percent of them women) across 30 villages on basic business skills and money management practices. The program saw an average increase of 218 percent in participant knowledge of key busiThe curriculum for the program was adapted from Mercy Corps’ existing courses currently in use in other Asian countries. The training included eracy topics including marketing, market assessment skills, management, book keeping and basic accounting. In phase two, the program will focus on business plan development with the goal of increasing economic returns for these entrepreneur and farmers. It will involve targeted coaching, indepth small group training and advisory services, and connect these women entrepreneurs guidance on all areas which are critical to business growth and success, MasterCard said. “The Delta is one of Myanmar’s most fertile agricultural regions, but small-holder farmers and their families face tremendous challenges due to climate variability, salt water intrusion and poor access to markets, information and agricultural technology,” said Nilan Fernando, Myanmar country director for Mercy Corps. “The entrepreneurs in this program are highly motivated to start and grow their own businesses because the added income improves the health and well-being of their families, and increases the productivity and resilience of communities across the region.” From page 9... ,ckaiGaMu;axmufyHhrIaMumifh Mercy Corps rSoifwef;ay;rI'kwd, tqifhudk qufvufvkyfaqmifEdkifrnf jzpfNyD; oifwef;ay;rI'kwd,tqifhwGif eufeJonfhpD;yGm;a&;tBuHay;0efaqmif rIrsm;?ñTefjyay;rIrsm;ESifhjrpf0uRef;ay: a'orStrsK;d orD;pGeO;D wDxivyief;&Sif Yf G f k f pwifaqmif&u&efodkYr[kwfc sJUxGif&ef G f twGufaiGaMu;axmufyrtultnDrsm; hH I &&S d& ef csdw f q uf a y;rI r sm ;vnf ; yg0if aMumif; od&onf/ Toshifumi Kitamura/Pool engaged in closer military ties with governments. China still remains by far the largest investor in Myanmar, with which it shares a border. The country has invested or pledged $14.2 billion in the country, a third of all foreign investment. That compares with $292 million from Japan. Still, Japanese investors tion has a psychological impact on investor interest especially retailers,” Chavinda Hanratanakool, senior executive vice president for property funds at KTAM, told reporters. From page 9... Japan's Prime Minister Shinzo Abe (C) smiles with Myanmar's President Thein Sein (L) and Philippine President Benigno Aquino (R) as they leave the stage during a gala dinner of the ASEAN-Japan Commemorative Summit meeting hosted by Abe, in Tokyo. ESpf 60 jynfhajrmufNyDjzpfonf/ ,ckESpf twGif; ta&S Uw½kwfyifv,ftwGif; w½kwEiiEifh *syefEiiwtMum; tjiif; f kd f H S kd f H Ykd yGm;zG,f uRef;ydkifqdkifrIjyóemaMumifh wif;rmrIr sm; &SdvmcJhNyD; vGefcJhonfhv u w½kwfEdkifiHrS avaMumif;umuG,frI owfrwZetm; aMunmcJonftwGuf S f k f h h ESpfEdkifiHtMum; oabmxm;ydkrdkwif;rm vmcJhonf/ &SifZdktmab;rS vGefcJhonfh wpfESpfausmftwGif; tmPm&vmcJhNyD; onfhtcsdefrSpí *syefEdkifiHtm; tm&S EdkifiHrsm; r[mrdwftjzpf qufqHrI wdk;wufvm&eftwGuf wdk;jr§ifhaqmif &GufvmcJhNyD; w½kwfEdkifiH tm&StwGif; vTrf;rdk;rIudkvnf; owdESifh apmifhMunfh aecJhonf/ jrefrmEdiitaejzifh obm0o,HZmw k f H t&if;tjrpfrsm; ayg<u,f0aom EdkifiH wpfEdkifiHjzpfNyD; tcsdeftawmftMum w½kwfEdkifiH vTrf;rdk;rIvnf; &SdaecJhNyD; tpd k ; &opf w uf vmNyD ; aemuf y d k i f ; wG i f Ediitm; wHcg;zGiaqmif&ucJum tjcm; k f H hf G f h &if;ESD;jr§KyfESHolrsm;udkvnf; vufurf; BudKqdkcJhaomaMumifh tajctaeonf tajymif;tvJ&SdvmcJhNyDjzpfonf/ *syef 0efBuD;csKyf &SifZdktmab;u *syefEdkifiH taejzifh jrefrmEdkifiH? xdkif;EdkifiHwdkYESifh oDv0gpufrIZkeftm; zGUH NzdK;wdk;wufrI aqmif&Gufcsufr sm;wGif yl;aygif;vkyfudkif &ef BudK;yrf;oGm;rnfjzpfaMumif; ajymMum; cJhonf/ jrefrmEdkifiHESifh xdkif;EdkifiHwdkYtae jzifh xm;0,fwGif tus,ft0ef; {u 6000 &Sdonfh pDrHudef;tm; aqmif&Guf &eftwGuf pDpOfaeNyD; *syefEdkifiHtm; yg0ifvkyfudkif&eftwGufvnf; zdwfac: cJhonf/
  • 27 IT & TELECOM Myanmar Business Today December 26, 2013-January 1, 2014 Telenor Selects Singaporean Firm as Infrastructure Vendor Apollo Towers to build and manage telecommunications infrastructure in preparation for mobile network rollout “We are pleased to be working with Apollo Towers as we enter this exciting phase in the advancement of Myanmar’s telecommunications industry,” Petter Furberg, chief executive U Aung/Xinhua bination of industry experience and expertise will meet the requirements of Telenor’s business plan and ensure the successful rollout of our advanced mobile network,” Furberg added. The partnership between Telenor Myanmar and Apollo Towers provides the platform for future multi-tenancy on towers which will accelerate A woman talking on a mobile phone in Yangon, Myanmar. Htet Aung T elenor Myanmar has selected Singapore-based telecommunications infrastructure provider Apollo to build and manage telecom towers across Myanmar, the Norwegian telecoms giant said. Telenor said the appointment supports its plan of “rapidly rolling out a modern mobile communications network in the country.” “Establishing telecom towers step in the rollout of that network and in Telenor Myanmar’s goal of delivering high quality and accessible mobile communications services to people throughout Myanmar,” Telenor said in a statement. Telenor said it will launch “incommunications products and services” in Myanmar “within eight months of securing an operating license” from the Myanmar government, and said it expects the licensing process to Govt Mulls Tech Innovation Centre to Promote IP Rights Move expected to help grow intellectual property rights landscape Su Su M yanmar is planning to set up a technology and innovation support centre (TISC) to strengthen its intellectual property sector, a minister said. The centre will be developed in cooperation with the World Intellectual Property Organization (WIPO). Ba Shwe, deputy minister, Ministry of Science and Technology, said ensuring intellectual property rights will play a crucial role in the economic development of the country. The TISC will help innovators and researchers in developing countries to promote information technology-related works, create, protect and manage intellectual property rights, the minister said. The initiative involves technifrom related ministries and representatives from nongovernmental organisations. Myanmar has been embracing new regulatory changes recently as it gradually liberalises its economy. This includes its telecoms sector which it has opened up for foreign telcos. In June, Ooredo and Telenor beat out more than 10 other shortlisted telcos to win two telecommunications licences. Earlier in November, a law protecting intellectual property was drafted following discussions with local and international experts on copyright, trademarks and industrial design. Myanmar Summary jrefrmEdiionf Edii ÓPydi;f qdif k f H k f H k k &mrlyiciu@ wd;k wufcirmvmap&ef kd f G hf kd f twGuf enf;ynmESifh qef;opfwDxGifrI taxmufyHhpifwm (TISC) tm; wnf axmifom;&ef jyifqifaeaMumif; 0efBuD; G wpfcku ajymMum;cJhonf/ tqdygpifwmtm; World Intellectual k Property Organization (WIPO) ESifh yl;aygif;í zGUH NzKd ;wdk;wufatmif yl;aygif; aqmif&uom;rnfjzpfaMumif; od&onf/ G f G odyEienf;ynm0efBuD;Xme 'kw,0efBu;D ÜH S fh d OD;ba&Tu ÓPydkif;qdkif&m rlydkifcGifh tcGita&;rsm; ydrcirmaocsmvmjcif; hf k kd kd f onf wdkif;jynf pD;yGm;a&;wdk;wufrI wGif t"duusaomtcef;u@ü yg0if aeaMumif; ajymMum;cJhonf/ enf ; ynm ESifh qef ; opf wD xG i f rI taxmuftyHpifwmtaejzifh enf;ynm h u@ES i fh quf p yf a omvk y f i ef ; rsm;ü owif;tcsuftvufrsm;&&SdrI? ÓP rlydkifcGifhqdkif&m zefwD;rIrsm;? umuG,frI rsm;ESif h pDrcefcrrsm;udvnf; ydrjkd r§iwif H Y JG I k k hf EdirnfjzpfaMumif; 0efBuD;u ajymMum;cJh k f onf/ ueOD;vkyfaqmifrIrsm;ü TISC rS enf ; ynmyd k i f ; uRrf ; usif y nm&S i f r sm;? ouf q d k i f & m0ef B uD ; XmetoD ; oD ; rS trIaqmifrsm;ESifh tpdk;&r[kwfaom tzGUJ tpnf;rsm;rS ud,pm;vS,rsm; yg0if k f f rnfjzpfonf/ telecommunications infrastructure in Myanmar, Telenor said. Francois Lorelli, chief executive of Apollo Towers, said: “We are delighted to ... participate in this revolutionary transformation of the telecommunications landscape in Myanmar. We relish the challenges and the opportunities it presents and are committed to providing world-class infrastructure on time for Telenor.” Telenor said as part of its commitment to contribute to the local economy, Apollo Towers will be working with a number of Myanmar-based companies in the infrastructure build-out across the country, providing opportunities for local businesses and promoting a more vibrant business environment in Myanmar. “Telenor is here for the long run and we are committed support the modernisation of Myanmar’s telecommunications sector through investing in building state-of-the-art telecom infrastructure which is vital for innovation in other key industries, and will drive the country’s socioeconomic development,” Furberg said. Sanjiv Ahuja, founder and chairman of Apollo Towers, said: “I warmly welcome the opportunity to partner with Telenor on this exciting project deep sector knowledge and international experience that we can bring to bear will result in a successful project for all parties and will lay the foundation for Apollo Towers to become a major provider of shared telecommunications infrastructure facilities in Myanmar.” Telenor Group has mobile operations in 12 markets in the Nordic region, Central and Eastern Europe and in Asia, employing about 34,000 people. It has 161 million mobile subscriptions worldwide, with revenues of NOK 102 billion ($16.6 billion) as of Q3 2013. Apollo Towers provides construction, management and leasing of telecommunications tower infrastructure to mobile operators. Apollo Towers Pvt Ltd Singapore is a subsidiary of Tillman Global Holdings LLC, a Delaware LLC wholly owned by Sanjiv Ahuja. Myanmar Summary Telenor Myanmar rS pifumyltajc pduf qufo,a&;tajccHtaqmufttHk k G f rsm;tm; axmufyHay;onfh vkyief;wpfck h f jzpfaom Apollo Towers tm; jrefrm EdkifiHwpf0ef;wGif qufoG,fa&;wm0g rsm;tm; wnfaxmif&efESifh pDrHcefYcGJ&ef twGuf a&G;cs,caMumif; aemfa0;EdiiH f Jh k f qufoG,fa&;vkyfief;BuD;jzpfaom Telenor rS ajymMum;cJhonf/ ,ckuJhodkY Apollo Towers tm; a&G;cs,frIonf Telenor jrefrm EdkifiHwGif acwfrDrdkbdkif;qufoG,fa&; uGef&ufrsm;tm; jrefqefpGm aqmif&Guf Edia&;tpDtpOftwGuf taxmuftul k f jyKaMumif; Telenor rS ajymMum;cJonf/ h qufo,a&;wm0grsm;tm; xlaxmif G f jcif; onf quf o,f a &;uGe f & uf r sm; G vkyaqmifrtwGuf ta&;ygaom yxr f I ajcvSrf; wpfck yif j zpf N yD; Telenor Myanmar taejzifh jrefrmEdkifiHwGif t&nftaoG;jrifrm;Ny;D vlwi;f vufvr;f rD h kd S onfh qufoG,fa&;0efaqmifrIrsm;tm; axmufyHhay;oGm;Edkif&ef &nfrSef;csuf twGuf ,ckaqmif&GufrIu ta&;yg aMumif; Telenor rS ajymMum;cJhonf/ qef;opfNyD; oifhavsmfaom rdkbdkif;quf oG,a&;xkwuer sm;ESif h 0efaqmifrr sm; f f k f I tm; jrefrmEdiiHwif aqmif&uom;rnf k f G G f G jzpfaMumif;? vdkifpifudkvnf; tcsdefwdk twGi;f tNy;D owfaqmif&uom;Edi&ef G f G k f arQmfrSe;f xm;aMumif; Telenor rS ajym Mum;cJhonf/ jrefrmEdii qufo,a&;u@zGUH NzKd ; k f H G f wdk; wuf vmap&ef aqmif & G u f r I wG i f Apollo Towers ESif h yl;aygif;aqmif &Guf&onfhtwGuf 0rf;ajrmuf0rf;om jzpfrdaMumif; Telenor Myanmar rS trIaqmifc sKyfjzpfol Petter Furberg u ajymMum;cJhonf/ vkyfief; 2 ckrS tawGUtBuHKESifh uRrf;usifynm&Sifr sm; yl;aygif;vkyaqmifrrsm;onf Telenor f I vkyfief;tpOfESifh tqifhjrifhrdkbdkif; uGe&ufrsm;tm; taotcsm atmifjrif f pGm vkyaqmifEia&;vdtyfcsuuvnf; f kd f k f kd jznfqnf;ay;Edirnf[k ,HMk unfaMumif; h k f Furberg u ajymMum;cJhonf/
  • IT & TELECOM 28 Myanmar Business Today December 26, 2013-January 1, 2014 Facebook to Sell Video Ads Reed Albergotti, Ben Fritz and Suzanne Vranica F acebook Inc will begin selling video advertisements, according to people familiar with the matter. The ads, which will play automatically in users’ news feeds may help Facebook capture a share of the $66.4 billion advertisers are expected to spend on US television this year. ads in the early days. The ads will play automatically in users’ feeds, the people familiar with the matter said, regardless of whether users click on them. How long they will be is unknown. In August, The Wall Street on both smartphones and the Web. Many advertisers had hoped Facebook would begin selling ads in time for the holiday shopping season but Facebook delayed a launch fearing ads could annoy users. Some advertisers produced videos early in the year, anticipating a summer rollout, and were frustrated when Facebook pushed back the launch. Other advertisers worried ads might alienate users. Facebook founder and Chief Executive Mark Zuckerberg took a personal interest in the video ads and delayed their introduction in part because of engineering problems that made them slow to load. In August, the Journal reported Facebook software engineers improved the back-end technology to speed up ads. It isn’t clear how much Facebook will charge advertisers but it is likely to be expensive. Executives told The Wall Street Journal in August Facebook planned to charge $2 million a day to let advertisers reach the full Facebook audience of adults aged 18 to 54. “We expect video to be more expensive,” said Dan Slagen, senior vice president of marketing for Nanigans, a digital-marketing software company. “But we’re going to see advertisers willing to pay,” he said on Monday. this time of year advertisers can have excess money to spend. Traditionally, Facebook hasn’t been a go-to place for that money and video ads will make it a more attractive destination, advertising industry experts said. WSJ Chinese Technology Smuggler Sentenced to Three Years Robert Boczkiewicz and John Shiffman A Chinese citizen convicted of trying to smuggle American-made radiation-hardened microchips from California to China was sentenced Wednesday last week to three years in US prison. Philip Chaohui He, the target of a US Homeland Security sting, was arrested in late 2011 at a port near Los Angeles as he approached a Chinese freighter. In his car trunk, agents found 200 radiation-hardened microchips hidden inside a tub of baby formula. government to obtain the specialised, American-made microchips, which are critical for operating satellites and ballistic missiles, as well as protecting military hardware from solar and nuclear radiation. “I love my adopted country with all my heart,” He said in court last Wednesday. “The last thing I would do would be to harm this country. I’m sorry beyond words.” Senior US District Court Judge Wiley Y Daniel issued a sentence that was about a year less than prosecutors sought T Facebook Inc onf A D ' D , d k a Mumf j imrsm;tm;pwif a&mif;csoGm;rnf jzpf a Mumif ; tqdkygvkyfief;udpöESifh eD;pyfrI&Sdaom yk*¾dKvfr sm;uajymMum;cJhonf[k od&onf/ tqdkygaMumfjimonf toHk;jyKolrsm; News feed wGif tvdktavsmufazmfjy aMumfjimay;oGm;rnfjzpfonf/ aMumfjimtaejzifhtoHk;jyKolrsm; New feed wGif tvdktavsmufazmf jyay;oGm;rnfjzpf N yD; toH;k jyKolr sm;taejzifhtqdkygaMumfjimrsm; tm; click vkyf onfjzpfap? rvkyfonfjzpfap ,if;rSm y"me rusaMumif;od&onf/ Mo*kwfvwGif Wall Street Journal rS owif;azmfjyrIt& Facebook taejzifh prwfzkef;rsm;ESifh 0ufbfr sm; tm; 15 puúefYpm aMumfjimay;oGm; &eftwGuf urf;vSrf;&ef pDpOfcJhaMumif; od&onf/ aMumfjimolrsm; taejzifh Facebook tm; tm;vyf&ufaps;0,frI umvtwGuf aMumfjimrsm;udk a&mif;csoGm;&efarQmf vif hcJhMu aomf vnf ; Facebook taejzifh aMumfjimrsm; aMumifh toHk;jyKolr sm; pdwftaESmifh t,Sufjzpfrnfudk pdk;&drfrIaMumifh aESmifh aES;MuefYMumcJh&onf/ Colorado. In custody since December 2011, He pleaded guilty in September to smuggling and conspiracy to violate the Arms Export Control Act. believe the microchips were purchased on behalf of the state-run Chinese space program. He has said he believed they were for commercial, not government use. His motive was monetary, not political, he said. Born in China, He moved to the United States in the mid-1990s. In April 2011, while working as an engineer for the California state transportation agency, He used his side business to order 312 radiation-hardened microIt is legal to buy such sensitive technology for domestic use, but illegal to export it without US government approval. Aero- order suspicious and alerted Homeland Security agents, who initiated a sting. check for the full cost of the 312 microchips – $549,654 – undercover agents delivered them to He’s small company in Oakland. Although He was arrested carrying 200 microchips, 112 remain missing. US authorities believe those were successfully smuggled to China. Reuters Myanmar Summary tar&duefEiixwf a&'D,owå<d ucH kd f H k kd microchip rsm;tm; EdkifrI&Sdonfh u,fvzk;d eD;,m;rS w½kwEiioYkd cd;k oGi;f D f kd f H &ef BudK;yrf;cJhonfhtwGuf w½kwfEdkifiH om;wpfO;D tm; tar&dueftusO;f axmif wGif oHk;ESpfuscH&ef jypf'PfcsrSwfcJh aMumif; od&onf/ Philip Chaohui He onf tar&d uefjynfwGif;vHkNcHKa&; ypfrSwfwpfck jzpfNyD; 2011 aESmif;ydkif;wGif avmhtdef *svdpfteD;wGif zrf;qD;xdef;odrf;cHcJh& a&'D,owdå<ucHEir&onfh microchip kd kd f I dS 200 tm; zGufxm;onfudk at;*sifh rsm;u &SmazGawGU&SdcJhaMumif; od&onf/ tar&duefEdkifiHtm;rdrd cspaomfvnf; f rdrdvkyaqmifonft&monf tar&duef f h Ediitm;xdcuaponftwGuf awmif;yef kf H kd f h aMumif; Philip Chaohui He u ajymMum;cJhonf/ United Nations Calls For End to Excessive Electronic Spying Aye Myat Myanmar Summary and a year more than He’s lawyer requested. The judge said that although He “bent over backwards to avoid getting caught,” he had otherwise led a productive life and had been a “model prisoner.” He was charged in Denver because he ordered the microchips from a nearby manufacturer, he UN General Assembly on Wednesday last week called for an end to excessive electronic surveillance and expressed concern at the harm such scrutiny, including spying in foreign states and the mass collection of personal data, may have on human rights. The call was included in a resolution drafted by Germany and Brazil which the 193-member General Assembly adopted by consensus, Reuters reported. The United States, Britain, Australia, Canada and New Zealand – known as the Five Eyes surveillance alliance – supported the resolution after language that had initially suggested foreign spying could be a human rights violation was weakened to appease them. The resolution does not name after former US National Security Agency contractor Edward Snowden released details this year of a global spying program by the NSA, sparking international outrage. General Assembly resolutions are non-binding, unlike resolutions of the 15-nation Security Council. But assembly resolutions that enjoy broad international support can carry weight. After the resolution was adopted last month by the General Assembly’s Third Committee, which deals with human rights issues, US delegate Elizabeth Cousens told the that privacy rights and the right to freedom of expression must be respected both online and Cousens said it was imperative that human rights and civil society activists be able to use the Internet freely and without fear of reprisal to protect “digand hold governments, including mine, accountable.” The resolution notes “that while concerns about public security may justify the gathering and protection of certain sensitive information, States must ensure full compliance with their obligations under international human rights law.” Myanmar Summary UN General Assembly rS tDvuf xa&mepf a pmifh Munf h ppf aq;rI r sm;ud k tvGeftuRHjyKvkyfjcif;udk &yfwefYMu&ef twGuf wduwe;f cJNh y;D tjcm;Ediirsm; k f G k f H jynfe,frsm;wGif apmifMh unfaxmufvr;f h S rIrsm;ESifh yk*¾dKvfa&;tcsuftvuftm; trsm;tjym;&,lpaqmif;rIonf vlUtcGifh k ta&;udk csK;d azmufonftoGi&aeonfh h f dS twGuf ukvor*¾rS ,ckuokdY wuwe;f hJ kd f G cJhjcif;jzpfonf/ tar&duef? NAdwef? MopaMw;vs? d uae'gESifhe,l;ZDvef wdkonf apmifMh uyf Y axmufvSrf;rIr sm; jyKvkyf&mwGif Five Eyes surveillance alliance [k od&Sd MuNyD ; tjcm;Ed k i f i H r sm ;tm;apmif h M unf h axmufvSrf;rIrsm;onf vlUtcGifhta&; csKd;azmufrIwpfcktoGif&Sdonf[k,lqrI rsm;aMumifh,if;qHk;jzwfcsuftm;axmuf yHunay;cJMh u aMumif;vnf; od&onf/ h l D
  • 29 AUTOMOBILE Myanmar Business Today December 26, 2013-January 1, 2014 BMW to Sponsor ASEAN Summit 2014 Up to 95 BMW premium limousines will service delegates Aye Myat G erman auto giant BMW, jointly with its local partner Prestige Automobiles, announced that it will be sponsoring the ASEAN Summit The ASEAN Summit will take place in Myanmar as a two-part event in May and November next year. 7 Series, the BMW 5 Series Executive Sedan and the premium BMW X5 Sports Activity Vehicle will be deployed to sponsorship for the summit is a part of the company’s corporate social responsibility policy. “By distributor of BMW in Myanmar … We will do our utmost to deliver a full BMW brand experience to all world leaders and delegates. We will ensure they nations safely, promptly, and in the best possible condition. Neil Fiorentinos, managing director of BMW Group Asia, said: “We are very pleased to be sponsoring the ASEAN Summit for the third consecutive year. As the world’s leading premium automotive brand, we constantly strive to maintain our focus on excellence, innovation as well as design, and this is evident in every BMW limousine. This is what makes BMW a beevent like the ASEAN Summit.” on sales and delivered after the meetings, Prestige Automobiles said. “Chaired by Myanmar for the is a symbol of the new dynamic the country has entered into. customers the unique opportunity to own the prestigious cars seated by the leaders on the occasion. Our customers can be proud to take part in this his- PAC and delegates attending the event, Prestige Automobiles, BMW’s authorised importer in Myanmar, said. “As a local company, we want to support all the initiatives for the development of Myanmar. After our parent company Octagon International Services cosponsored the 27th SEA Games by providing transport service, it is an honour to partner the ASEAN Summit chaired by Myanmar,” said Chan Mya, managing director of Prestige Automobiles. we want to contribute to the successful organising of this summit and make the nation proud.” A BMW 7 Series car. torical event,” Chan Mya said. Prestige Automobiles Co Ltd (PAC) is a subsidiary of Octagon International Services Co Ltd (OIS), which distributes leading brands for machinery and vehicles. OIS also imports premium passenger buses as well as heavy machineries such as construction and mining equipment, cranes and vehicles. Incorporated in 2005, OIS currently has a workforce of over 600 personnel. Myanmar Summary *smreDEdkifiH armfawmfum;vkyfief; BuD;jzpfonfh BMW wGi;f tusK;d wlvyief;jzpfonfh Prestige k f Automobiles ESifh yl;aygif;í 2014 ckESpfwGif jyKvkyfusif;yrnfh tmqD,H xdyfoD;awGUqHkaqG;aEG;yGJtwGuf ZdrfcH rSefvHkum;BuD;rsm;jzifh axmufyHhay;oGm; rnfjzpfaMumif; od&onf/ tmqD,HxdyfoD;awGUqHkaqG;aEG;yGJtm; vmrnfhESpf arvESifh Edk0ifbmvrsm;wGif jyKvkyfoGm;rnfjzpfonf/ BMW rS tmqD,HEdkifiHrsm;rS acgif;aqmifr sm;ESifh udk,fpm;vS,fr sm;tm; tmqD,HxdyfoD; awGUqHkaqG;aEG;yGJodkY wufa&mufEdkif&ef twGuf ZdrfcHrSefvHkum;BuD;aygif; tpD; a& 95 pD;txd axmufyHhulnDay;oGm; rnfjzpfaMumif; jrefrmEdkifiH&Sd BMW um;rsm;tm; wifoGif;onfh vkyfief; jzpfonfh Prestige Automobiles rS ajymMum;cJhonf/ jynfwi;f ukrPwpfctaejzif h jrefrm G Ü D k EdkifiH zGHUNzdK;wdk;wufrItwGuf tpysKd; vkyfaqmifrItm;vHk;udk axmufyHhay;vdk aMumif;? rdcifurPjD zpfonfh Octagon k Ü International Services rS 27 Budrf ajrmuf q D ; *d r f ; tm;upm;yG J a wmf w G i f o,f,lydkYaqmifa&;0efaqmifrIrsm;udk yl;aygif;yg0if axmufyHhay;cJhNyD;aemuf tmqD,xyo;D awGUqHaqG;aEG;yGtwGuf H d f k J axmufyHhay;&efrSm *kPf,lp&myifjzpf aMumif; Prestige Automobiles rS refae*sif;'g½dkufwm OD;csrf;jru ajym Mum;cJhonf/ Toru Hanai/Reuters Mitsubishi Opens Mandalay Service Centre Men walk in front of Mitsubishi Motors Corp's headquarters in Tokyo. Htet Aung J apanese automaker Mitsubishi has opened a second after-sales service centre in Mandalay in a bid to grab a sizeable share of Myanmar’s burgeoning automobile market. Mitsubishi Motors Corp (MMC), Mitsubishi Corp (MC), and their local partners Yoma Strategic Holdings Ltd (YSH) and First Myanmar Investment Co Ltd (FMI) have been working on building a service structure for inspection, maintenance, and repair of Mitsubishibranded vehicles in Myanmar, following Myanmar’s recent deregulation of automobile importation. Many Mitsubishi-branded vehicles are already commonplace in Myanmar, distributed mainly through the country’s used car market. Mitsubishi said by establishing the second after-sales service centre, following the one established in Yangon this May, services for almost 80 percent of Mitsubishi-branded vehicles currently on the road in Myanmar will be covered. The company said expanding the after-sales service structure using MMC know-how will contribute to strengthening MMC’s brand image prior to commencement of its new car sales. As part of initiatives towards the Myanmar market, MMC announced its intention in October to start new car sales in Myanmar. Mitsubishi said MMC, MC, YSH and FMI are under discus- sions regarding establishment of a joint venture for new vehicle sales and after-sales service in preparation for an expected rapid development and growth of the economy as well as the automobile market in Myanmar. The companies are discussing additional possibilities for mutual cooperation in Myanmar in the future, including local production, Mitsubishi said. Myanmar Summary *syefEii armfawmfum;xkwvyol kd f H f k f ajrmuf after-sales 0efaqmifrIpifwm tm; rEÅav;NrdKUwGif zGifhvSpfcJhNyD; jrefrm EdkifiH zGHUNzdK;wdk;wufvmonfh armfawmf um;aps;uGufwGif aps;uGuf&S,f,m ydkrdk &&Sdvm&eftwGuf BudK;yrf;rIwpfckvnf; jzpfonf/ Mitsubishi Motors Corp (MMC) , Mitsubishi Corp (MC) rsm;jzpfonfh Yoma Strategic Holdings Ltd (YSH) ESifh First Myanmar Investment Co Ltd (FMI) wdkYonf jrefrmEdkifiH&Sd rpfqlbD&SDtrSwfwHqdyf armfawmfum;rsm;tm; ppfaq;rI? xdef; odrf;jyKjyifrI? jyifqifrIrsm;tm; jyKvkyf Edi&eftwGuf 0efaqmifrpifwmrsm;tm; k f I zG i f h v S p f & ef BudK ;yrf ; aqmif & G u f a eNyD ; jrefrmEdkifiH rMumao;rDu armfawmf um;wifoGif;cGifhpnf;rsOf;pnf;urf;rsm; tm; ajzavQmhay;jcif;aMumifh EdkifiHjcm; armf a wmf u m;vk y f i ef ; rsm ;taejzif h jrefrmhaps;uGufwGif vkyfief;aqmif&Guf cGifhrsm;&SdvmcJhjcif;jzpfonf/ rpfqlbD&SDtrSwfwHqdyfarmfawmfum; tawmfrsm;rsm;rSm jrefrmEdiiwif ,cif k f H G uwnf;u &SdaeNyD; arvwGif &efukefü yxr0efaqmifrpifwmtm; wnfaxmif I tNyD;aemuf 'kwd,ajrmuf aftersales 0efaqmifrpifwmtm; wnfaxmif I zGivpjf cif;jzpfNyD; ,ckvuf&wif jrefrm fh S Sd G EdkifiH&Sd rpfqlbD&SDtrsKd;tpm;armfawmf um;rsm; 80 &mcdkifEIef;eD;yg;udk 0ef aqmifrIrsm; ay;vmEdkifrnfjzpfaMumif; rpfqlbD&SDrS ajymMum;cJhonf/
  • CLASSIFIEDS December 26, 2013-January 1, 2014 30 Myanmar Business Today
  • 31 SOCIAL SCENES Myanmar Business Today December 26, 2013-January 1, 2014 Coca-Cola Press Conference Coca-Cola delegates at the press conference. 7 Days in Myanmar Book Launch Ceremony Kyaw Min Melissa Teo and Didier Miller, publisher of the book. Coca-Cola Myanmar’s Managing Director Rehan Khan at the press event. Kyaw Min A Coca-Cola delegate at the event. Kyaw Min Phyu Thit Lwin Veteran journalist Denis Gray who wrote an article for the book. Phyu Thit Lwin A delegate speaks at the event. Phyu Thit Lwin A panel of delegates at the book launch. Phyu Thit Lwin Delegates pose for a photo at the launch. Phyu Thit Lwin Myanmar Beer promotion at the event. Phyu Thit Lwin Savills’ Myanmar Office Opening Ceremony Troy Griffiths, deputy managing director of Savills, speaks at the launch. Phyu Thit Lwin Savills delegates at the event. Troy Griffiths gives a crest to Daw Soe Sint Win (R). Phyu Thit Lwin Richard M Emerson, country manager of Savills Myanmar, pose for a photo. Phyu Thit Lwin A Savills representative speaks at the press conference. Phyu Thit Lwin Savills representatives at the event. Phyu Thit Lwin Phyu Thit Lwin Optimist Team Class @ 27th SEA Games Sailing Competition Thailand and Singapore Optimist teams. Myanmar Yachting Federation Thailand Optimist team celebrates after clinching the gold medal. Myanmar Yachting Federation Optimist Team Class. Myanmar Yachting Federation
  • ENTERTAINMENT 32 Myanmar Business Today December 26, 2013-January 1, 2014 Aureum Palace Resort & Spa: A Place to Stay on a Weekend Getaway in Ngwe Saung Su Su times of the year, the warm water is the perfect temperature to relax in. As you relax there, coconut palm trees swaying in the wind, looking at the almost empty beach, you quickly realise that there are few places like this elsewhere in the world. There are few activity options at the beach, but that hardly matters in such a pristine, beautiful place. Along the beach’s northern end two quaint pagodas Aureum Before Myanmar became one of the world’s most attractive tourist destinations, many visitors in the country stuck to the tried and tested ‘Big Four’ places – the lively former capital of Yangon, the calm serenity of Inle Lake, the history and Buddhist culture of Mandalay and the vast, temple-clad plains of Bagan. Even today, as Myanmar attracts upwards of 1 million foreign tourists a year, alternative destinations are little known about. But look closely and they are there. There is the Ngwe Saung’s beach is 15 kilometres long, with white pristine sand and faultless turquoise water. During rainy season the sea gets choppy, making it a dif- The beachfront. Aureum reasonably limited too – in 2013, Ngwe Saung had 16 hotels operating 714 rooms. However, one standout place to stay is the Aureum Palace Resort & Spa, Ngwe Saung. The Aureum Palace brand operates out of a range of destinations around the country including Bagan, Ngapali, Pyin Oo Lwin and Nay Pyi Taw, and its high The swimming pool at the Aureum Palace Resort & Spa at Ngwe Saung. sit atop some rocks, while the southern end is dominated by “Lovers’ Island” a forest-dense, beautiful island that lies a few hundred metres from the shore. When the tide is down, visitors can walk to the tranquil spot. Other options include snorkeling, and traveling around by motorbike, but the real reason you are here is to relax in such a tranquil, beautiful spot. Accommodation options are ling trips, elephant camp visits and cooking lessons, which also include a visit to a local market. Established seven years ago, Aureum Palace Resort & Spa Ngwe Saung houses 97 rooms, one presidential suite with a complexes with separate swimming pools and a beachside boat bar, 55 spacious bungalows and 36 deluxe rooms. The Aureum Palace Hotel chain started in Bagan in 2005 and Ngapali, Ngwe Saung and Pyin Oo Lwin in 2006, Nay Pyi Taw in 2007 and Inle in 2011, and it has more projects in the pipeline. with the impressive reputation that the brand has built around the country. The luxury resort at Ngwe Saung is the largest property in the area, with two-thousand feet of beachfronts, which include luxurious, spacious cottages up Activities at the hotel include vast facilities which include an extensive spa facility, a beachside swimming pool, two restaurants, two bars, as well as access to a nearby golf Aureum lush, abundant Karen state, the mountainous temples of Kachin and the ‘Buddhist Disneyland’ that is Bago. Little known also are Myanmar’s beach destinations. Sitting on the country’s western shore, near to the attractive Bay of Bengal, and just a few hours’ drive from Yangon, lies Ngwe Saung a small, simple, but striking beach destination. Translated as ‘Silver Beech’, course and a variety of leisure activities. The hotel can also provide activities for guests, including Sunset at Ngwe Saung from the resort.